U.S. Economy doing well? Think again.Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


Salon is now an archive. New site here
This site's archives
 
U.S. Economy doing well? Think again.
 


7 June 2008 at 5:39:33 PM
pstern

The U.S. economy is in danger of sinking like a stone

"Is the glass half full"?  While a few hold up the glass for observation, it is doubtful.

.

The stock market does NOT think so.

http://www.cnbc.com/id/25008825

 

The people who are losing jobs do NOT think so.

http://www.southernledger.com/ap/138672/Biggest_jobless_jump_since_86__Wall_Street_sinks 

 

And finally, President Bush (though still in partial denial) does NOT think so.

http://www.reuters.com/article/businessNews/idUSWBT00811320071220?feedType=RSS&feedName=businessNews&rpc=23&sp=1

 

The main reason that the U.S. economy is in crisis is that our leaders have had blinders on.  They and their special interest constituents have made BILLIONS in profiteering while the majority of Americans have been left in financial "dust".

These issues were foreseen.  Many writers and political observers (including myself) forewarned of the hard times ahead, yet few listened to the warnings.  Americans are paying now for that lack of attention --- literally.

Now that we have the attention of the president, his administration and our congress, perhaps we may move on towards some expeditious resolutions to our economic, political and social urgent issues.

----

 


Permalink
     Views: 2477 
Latest Blog Post by pstern -Who funds ISIS?
Somervell County Salon Blog is now an archive site. Commenting not enabled.

Click Here for Main Page



Guest
Today Is  
Saturday, December 13, 2025






Latest Posts

More Blog Headlines