The bad news is that they just yelled “Fire!” in the movie theater, the good news is, there are now seats available. Want to buy a home or a car? Boy, do we have a deal for you! Officials have just declared that the recession is over. Just think about it, the government never knew we were even in one until it became so damn obvious. Now they claim we are out of it--Just who is out of what?
Over consumption got us into this mess. Now, more government spending is the solution? It’s kind of like giving a guy with a broken leg, a second set of crutches so he can move twice as fast.
Here is the latest release on Unemployment figures and it is not good. Add SIX PERCENT to those values to reach more realistic figures.
Then we have the foreclosure reports nationwide. The shading colors dress it up a bit. Compare the unemployment statistics with the foreclosure map. The two together suggests that the problem has some size to it. It could be argued that the foreclosure data is not as current as the labor statistics, which would add more rain to the parade.
Let's color everything from 8% on up as distressed.Here is what it should look like (you know things are getting worse when you need fewer different colored crayons). This problem is not going away. Many state budgets are in a financial crisis. Tax bases are shrinking while expenditures are increasing.
As for a gauge of where we are at, our leaders in Congress appear to be mixing Preparation H with AstroGlide. The thought that they claim to know what they are doing, bothers me.