I’ve been going through the news the last few days and I can’t help, but get more depressed as I see the “Recovery Summer” evaporate- that’s if you really ever bought into the spin that we were in a recovery. In a way, I am pleased that Obama, Biden, and Company were propagandizing that they saved the economy by passing their Stimulus Bill and that the economy was in recovery, because now they have to take ownership of the collapsing economy. Any yes, the economy is collapsing. Take a look at some of the latest headlines:
1. WIRE: It's starting to feel like another recession.
2. One in 10 mortgage holders face foreclosure.
3. S&P: USA Should Act to Protect AAA-Rating.
4. Roubini: Growth to Be ‘Well Below’ 1% .
5. MORGAN STANLEY Says Government Defaults Inevitable.
6. New Home Sales Sink to Lowest Pace on Record.
7. Worries about recovery deepen.
8. Dow Faces ‘Bouncy Ride to 5,000′.
9. Economy in ‘Depression, Not Recession’.
10. Home sales plunge 27% to lowest in 15 years.
Ronald Reagan was famous for asking, “are you better off today than you were four years ago” and clearly for many Americans that answer is no and it probably explains why former President Bush’s approval ratings have been rising while Obama’s continues to slide. It might also explain why in the latest Rasmussen Poll, Republicans now lead in all 10 important issues tracked. More and more I am hearing of “buyers’ remorse” from friends, co-workers, and everyday people regarding Obama and the Democrats. Clearly, they have recognized that things were much better four years ago.
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