?

Log in

No account? Create an account

Previous Entry | Next Entry

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.

Comments

( 2 comments — Leave a comment )
mornblade
Sep. 17th, 2009 11:47 pm (UTC)
I'm sorry, the recession is not over until I am not only back at work, but the company is once again hiring NEW personnel. As things were when the recession was being hushed up.

What's could be the purpose of saying how great things are getting? I'm sure it wouldn't be an attempt to bolt the wheels back onto the Hope & Change bandwagon, now that they need support of universal healthcare. It's couldn't possibly be that.
sinetimore
Sep. 18th, 2009 12:26 am (UTC)
Bite your tongue. Pelosi and Reid say the government run health care option will pass! Baccus unveiled the bullet points of his proposal (the summary is over 200 pages. Does THAT sound like a "summary" to you?) despite not a single R on his side, and D's jumping from the sinking ship or aligning with other proposals. Result: the D's may have the majority, but their own proposals will split the vote and without any R's to help boost the numbers, a government run enterprise to compete with private business will be taking a dirt nap....

...I hope. I could be wrong.....
( 2 comments — Leave a comment )

Latest Month

June 2019
S M T W T F S
      1
2345678
9101112131415
16171819202122
23242526272829
30      

Tags

Page Summary

Powered by LiveJournal.com