WHAT RECOVERY? WHEN RECOVERY?

03/04/2009

WHAT RECOVERY? WHEN RECOVERY?

So there, the auto sales are down, and the housing is still in a slump, stocks keep falling, around the world. The promises of the president and his cadre not withstanding, recovery is but a fleeting dream.

Are we to believe the economic predictions of the experts, to follow the yellow brick road to the house of oz, only to find that the wizard has nothing to give.

The bail out of AIG, CITI, GM, etal is not doing a thing for the public in general, though the Bernanke, Geithner duo of clowns keeps pleading to the other five hundred thirty five know nothings on the hill.

Or may be they all know, that the country has been bankrupted, the "hundreds of trillions" lost in the markets had never really existed, and a few trillion being offered to stem the loses will do nothing to stop the bleeding.

There is no new technology, new industry and a new need that will create real jobs, time to put away the foolish things, like ideology.

President Obama and others need to come out and tell the people the real truth. Capitalism has failed, just as socialism did. Money can not be created from thin air. There are jobs that the Americans are willing to do, the same ones that were called the jobs that the Americans will not do. No amount of self help books will change the future.

I have been patient for many years, like when I asked senator Shelby, personally, " when the US government runs up a deficit, who ends up with the money," I have yet to get an answer, after two years. Obama recovery plan, by design creates temporary jobs only, and it will cost eight hundred billion dollars, has anyone asked Bernanke or Giethner, what about the three trillion plus you have spent, who got the money and what are the results? Why is the economy still in the dumps after all that money has been given away, and to whom??????? ever wonder