Wednesday, May 26, 2010

25 Questions

This is the best summary that I have read recently as to why I have continued to assert that the recession is far from over:
http://www.businessinsider.com/questions-to-ask-anyone-who-is-delusional-enough-to-believe-that-this-economic-recovery-is-real-2010-5#in-what-universe-is-an-economy-with-3968-million-americans-on-food-stamps-considered-to-be-a-healthy-recovering-economy-1

IMHO, the tough times are just beginning. As I have said on numerous posts, do what you can to maintain at least one income stream and more than one if you can, get out of debt with gazelle intensity, and do everything you can to maintain your health.

3 comments:

Morrison said...

How's that 'hope & change' working out for us? Obama said he would share the wealth and he succeeded. Now, we're all broke and poor.

Good job.

Florence said...

I don't blame Obama. I can't imagine that the economy or world situation would be any different no matter who was in the White House. There's blame enough to go around for everyone to take their share. Congress, lobbists, people with an entitlement mentality. We as a nation have squandered our inheritance. We have sold our souls to China and anyone else that would loan us money so we could go shop til we drop. We rewarded people who shipped jobs to Mexico and then China. We abdicated our roles as parents and allowed media garbage into our homes and lives and said that we didn't want to be judgemental.

Morrison said...

Florence, "we the people" didn't borrow money from China. The politicians we elected did. 'We the people' have absolutely no control over our lives anymore. Do you really think because 'we the people' bought a big screen TV or designer clothes we could have caused such a economic crisis?

We elected Obama because he was supposed to get us out of this mess. Instead, he used this opportunity to implement his own progressive agenda with nary a care about the consequences on any of us.

The 25 Questions are accurate. The gig is up. "We the people' know the score but what do we do now?

You and I have been around for a long time. We remember what it used to be and what could have been.

Sad. Very, very sad.