Wednesday, November 04, 2009

What is the Basis?

The article began "With the recession apparently over . . ." Really now? I know that information cannot be based upon the American economy. Unemployment is still at an all time high with unemployment benefits extended twice now and still running out. The groceries aren't any cheaper and the stress level for we the people isn't any less. There are a number of people that didn't get a raise this year, but were "just glad to have a job!" And even more that are pretty nervous about whether or not they will even continue to have a job. Banks are paying next to nothing for CDs and savings, yet not very willing to make loans either. The credit card industry has a real heads up before the enacted legislation is actually enforceable. So rates are going up and credit availability is going down. But the recession is apparently over. Let's not forget the big bank that got the big TARP filed bankruptcy and many of the other recipients of the TARP don't even know what happened to the money. And they are taking care of everyone else's money! The statement containing the words "with the recession apparently over" must be based upon something the ordinary folks are not privy to. Gasoline is going up, health care is ever increasing, as is health care coverage. Our security is gone, our income is shaky, our production is all but ended, and our money is not worth much on the global market, but the gold has changed hands, those in the "radio talk show know," now have gold rather than stock. So is that the basis for the statement beginning with "With the recession apparently over . . .?"
Receive my instruction, and not silver; and knowledge rather than choice gold. a Proverb of Holy Scripture
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