Technically we aren't yet in a double-dip recession but it was reportedly the worst Christmas in 30 years and nobody out there is investing in much of anything. Retailers are biting the dust with few profit margins. Stores are closing. Mass layoffs (the White House stopped reporting out of panic) and balooning debt, sinking dollar, state budgets in crisis, 75 million Americans with no health insurance, school and medical budget cutting, overflowing prisons states cannot afford to keep up, even Bill Gates and Ted Turner are "suffering", losing 7-10 billion each in the last two years, and no doubt a widening population of poor and homeless. If not for military spending, the numbers would reflect this, and will do so even more now that real estate is finally starting back down to earth. Not a pretty picture, worse than Bush Sr's picture which otherwise is similar in some big ways, though GW started with a big surplus and Bush Sr. started with a big debt.
We can do a LOT better, foplks, and the biggest problem is at the top (along with his advisors) who want us to remain in mass denial. |
