Bong Bong Bong!
The reason is INDIA and China. Not that their stock market is under the same stress, but because the jobs are over there. How can you have a recovering economy when you have no job to look forward to. Net is This country has lived thru the Agricultural economy. It has lived thru the industrial economy and it has lived thru the tech boom. The only left now is the WBBB.
Now yesterday I told you to think about the 700B that the government has the right to bill us for. Keep in mind for this to work, we would also have to freeze cost for all commodities for 3 years. If that didn't happen, then a double cheese at your local fast food shop would cost $3000.00 over night.
Here is something else to think about and yes it is political!
Can anyone explain why this happened right as we wind down to voting for a new Pres. We have put this on the table.
The Democratic runner has not taken a stand on anything except the word “CHANGE”. We also have a gal by the name of Nancy Pelosi who wants to give us another puny check to stimulate the economy. In other words she is buying votes again and make you feel good. Keep in mind that unless the check is for the Clampetts “Million Dollars” it will not help the economy much like last one did. The last one went right back into the banking system, to help stave off foreclosures or buy down a credit debit. (Sure a few of us spent it for a six pack and a movie.)
Anyway, if you line up this along with other feel good statements then your going to be a little surprised 2 years down the road. So as you can tell, I'm leaning one way and it's not because he is a war Vet. Its more that he is a rebel, and what I see in the future will require this kind of action. In other words I think he will kick a little ass and shake a few things up.
Also – Make sure you vote them out of office, and put new bodies in place. They deserve to be fired and the new people sure can't screw things up any worse.
PS: WBBB stands for Wiping Baby Boomer Butt economy
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