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It is obvious that this recession is the worst, employment-wise, in at least 60 years, and getting worse. And yet, if you just listen to the MSM news, you'd think we were well on the road to recovery.
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Well Mikey, the stock market is a crystal ball of sorts. Looking at productivity numbers, folks are working harder as companies are reluctant to rehire so soon after they just let folks go.
Hiring lags a recovery by a year or so. So do government tax revenues.
Be patient. Obama will look like a miracle worker in a year from now. Really. And I'm obviously not pro-Obama. But even so, I'm for economic expansions no matter which party is in control. We all make money when the GDP is growing. And when you're trying to save for retirement and college educations, that's a good thing!
Cheers.
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