Categorized | General Interest

Something Can’t Lose Steam If It Never Was

   I really think the people who talk about "recovery" live in a world not inhabited by most Americans:

The economic recovery that started in mid-2009 is losing steam. The manufacturing sector, once the driver of the recovery, stumbled in May as companies cut back on production and hiring. A persistent slowdown in hiring is the biggest threat to the U.S. economy, the latest Wall Street Journal forecasting survey of economists found.

   There never was a "recovery"–it was only a mirage manufactured by people who read some data and mostly politicians who fanned the notion of a "recovery" to further their own narrative. But, when wages are flat, health care is getting more expensive, pensions have evaporated and millions do not have decent paying work–one in five Americans–there is NO RECOVERY.

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