America's recession: It's over | The Economist
They say it ended June of last year making it 18 months long the longest since WW2. I hate to be the one to tell them but this is not over. It will dwarf the longest recession in U.S. history during the nineteenth century which was between 1873 and 1879. Tell that to the still growing number of poor. The overall poverty rate climbed to 14.3 percent, or 43.6 million people, the Census Bureau said Thursday in its annual report on the economic well-being of U.S. households, plus the jobless rolls just increased by 465,000.Over?
The share of Americans without health coverage rose from 15.4 percent to 16.7 percent or 50.7 million people mostly because of the loss of employer provided health insurance during the so called recession. If the tea party gets in control they will dwarf those numbers. Foreclosures were up again last month. The recession is over? Over and ended over a year ago? Tell that to the millions that know it is on going and see no improvement in sight. 1 in 7 Americans live in poverty
I started Blogging in 2005 as a means of talking with those that care about we the people, average Americans, those who live in the trenches of society and want to hear the truth and discuss that and how we really feel as we never ever hear it. Little did I know no one wants to hear it and no one cares. That goes for all societies all around the world.
The so called experts of the old world the pre 9/11 world became fond of saying this is a new world it will never be the same, we must adapt we must overcome this new world to survive as we are and proceed through the 21st century.
Those fools in the Government, the media, and corporations do not care about us or the truth only making money and playing their games. They do not have a clue and do not care period! Times have changed! I stopped writing books and started this Blog as a means of talking daily because ours and the worlds situation was devolving so rapidly I could not keep up with it. It keeps getting worse!
Watching the inept lying mindless Bush run and get elected "supposedly" along with his crew of lying enablers to control and change societal and world order to a new societal and world dis-order was frightening and absolutely no surprise in total including the timing of this so called recession and world financial collapse.
The entire lie we have lived since 9/11 so Bush could get the power he needed to get in the Middle East and do his world altering war mongering will never be admitted to or known, Along with the entire mess Bush created, the economic disaster was held off with bail outs and kick backs until Bush got out of office and Republicans could blame the whole mess they and Bush created on Obama and the Democrats, it worked.
I started warning in 2007 of the impending financial disaster when Bush Greenspan, Kramer, and other so called leaders the economy and the stock market were senselessly playing up how great things were. It was very exasperating!
Again, I was frightened at the portend of things to come and the truth was being ignored, maybe not seen, but it was frighteningly obvious we were rudderless and all our so called leaders only cared about themselves.
This recession is not over it has barely begun. Think of the frightening prospect of of putting this mess in the hands of the know nothing Republican party hijackers, the tea party voodoo fools.That is frightening! That possibility is what we are now facing.As we just discussed, only Bin Laden can end this so called war on terror he started and only keeping health care and staying on the track of the recovery of "our" America Obama is trying to get us on, will give us a future, success into the 21st century.
The Brown Shirts I mean tea party have successfully hijacked the Republican party as threatened if you have not noticed. If they get in control what happens will not be pretty nor will the "liberty" they want. You have seen it before and know the results. If the so called tea party gets in control of the US it will be much worse mark my words.
James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com
3 comments:
Bail is evidenced by a bond or recognizance, which ordinarily becomes a record of the court. The bond is in the nature of a contract between the state on one side and the defendant and his sureties on the other. The agreement basically is that the state will release the defendant from custody the sureties will undertake that the defendant will appear at a specified time and place to answer the charge made against him. If the defendant fails to appear, the sureties become the absolute debtor of the state for the amount of the bond.
They can't let it go too much longer Jim because soon even the wealthy will start loosing money as yet more people lose their homes. You can't pay a credit card or loan if you're living in a cardboard box under the freeway. And there's something we're not seeing in MSM, the Bushvilles that I'm sure are getting larger.
If you look at a graph of the subprime and other mortgages you'll note that we're about to hit another wave of resets. That would be the Alt-A loans which the banks wouldn't redo because they were taken out 5 years ago when things were better and the money was flowing like water. I'll see if I can find the graph and post it later.
Demuer I wish they could stop it but I see no way in hell. Right now I just saw Obama getting ready to sign that $42 Billion small Business Bill that is supposed to SUPPLY 500,000 NEW JOBS. I WANT TO SEE IT!
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