Peter G (sinetimore) wrote,
Peter G

Don't Spend It All In One Place

The news has been trying to convince people the Recession is over and we're on our way back to running up collosal amounts of debt and paying $5 a gallon for gas just so everyone can say how great we are doing.  As I pointed out in Stress Puppy, people knew about the Recession while the facts were intentionally obscured for about a year to coincide with the Presidential elections.

Today, the news is blaring the latest spin on the "It's The Morning After!" campaign -- net income for Americans actually rose last month!  The first increase seen since the whole mess began.

Notice it is "net".  Not gross.  No one is getting paid more, they are just being allowed to keep more.

Why?  There have been no new tax cuts or anything, at least at a federal level.  The cuts and stimulus have been out there for a while, and people are only seeing a net gain NOW?  Anyone else think there's something wrong here?

Bernake is insisting the Recession is over.  Let's see -- unemployment near 10%, wages are stagnant, the stimulus tax cuts are going to end soon, and the bill for the bailout is coming due, with everyone reading to tack on another nearly $1 tril for the health care plan.

Yup, nothing but blue skies ahead.
Tags: did not do the research, haven't we suffered enough, important life lessons, infernal gall, news, stupidity
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