"No matter how paranoid or conspiracy-minded you are, what the government is actually doing is worse than you imagine." - - - William Blum

December 04, 2009

Food for thought: Since last year's world economy collapse, only two major things have happened:

1. The U.S. has bailed out banks to the tune of trillions of dollars.
2. The stock market has gone up around 35% (from its low last year).

Nothing else "good" has happened. Housing is still crashing, unemployment is still increasing, state-funded services are worsening.

So the Government gave its money to the banks and the banks invested in the stock market and are making a killing.

Virtually everything outside the banking industry is not good and is worsening.

What does that tell you?


muckdog said...

Actually, the stock market low was in March 2009, not last year. And the economy has recovered. Employment is a lagging indicator. Now nine months after the market bottomed and rallied, employment is picking up. All stimulus money should be used to reduce the national debt and we need to cut spending.

Congratulations to President Obama for his leadership in turning around the economy. Well done. Mission accomplished. Now fix the falling dollar. Reduce the deficit.

Mike said...

Employment is NOT picking up. More jobs are still being lost than being created. Also, all indicators show a worsening of the dollar which will throw international debt into a worsening crisis.