Monday, November 02, 2009

The Economic Base

The latest report that I've read indicates the economy is no longer declining, actually those in the know in Washington feel that it may even be looking up, but . . . unemployment is going to get worse for the next several months. Well, as I've mentioned before, I don't have a degree in mathematics, but if employment is going to continue to decline, then I'm guessing income is going to follow that direction, therefore it would appear that the American economy is not based upon production or the income and spending of the average American. So, if the economy can improve as the employment declines, what is the base of our economy? Fewer jobs must mean less produced and less produced means less available product, not to mention fewer jobs usually indicates fewer purchasers, so again I ask, what is moving the American economy out of the dismal, declining rut it's been in, if not good old American know how and ingenuity? And oh, by the way, CIT has filed for bankruptcy. Just one short year after we bailed them out with a TARP, they took the money, paid the executives, raised the interest rates and filed bankruptcy. This is one of the signs of an improving economy? Whatever this improvement claim is based up and whomever is making the claim is not figuring this based on America, alone. I'm wondering if there are any American based economic statistics even included in this figuring. So, if the economy is improving, I'm guessing the fat cats have found new investors and we the people have figured out how to live more meagerly and just keep moving. I knew the way Candidate Obama referred to the Middle Class, as the working class, that we were in for some change . . . like the absence of the Middle Class, but it looks as if 'working class' is about to become a term of the past also, and rather quickly I might add.
YHVH shall open unto thee his good treasure . . .and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow . . . if that thou hearken unto the commandments of YHVH thy G~D, which I command thee this day, to observe and to do them: Torah of Holy Scripture
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