Monday, May 25, 2009

Same old story.

I haven't posted in awhile because frankly nothing has changed. Wall Street had a pretty good bull rally going in a bear market, of course most of the deaf/dumb/blind pundits and analysts kept feeding the lines that the "economy is recovering", and that "things are looking up." Well nothing was looking up from Main Street, not with over 600,000 people losing their jobs monthly, food going up, gas going up, cost of living "going down". Yes, you read that last one right, they are saying the cost of living has gone DOWN, hence forget about raises, if you're lucky enough to have a job. Never mind that nothing that people have to live on has gone down. Not one single thing. And now the states, because they aren't getting enough revenue, want to raise taxes.

Our politicians and corporate leaders are truly so far out of reality it boggles the mind.

And now of course for the summer "driving season" gas is going up. Oil has barely moved, but worse still the Big Oil companies have been stocking up like pigs at the trough when oil prices collapsed, so not only do they have an incredible supply of oil and gas, but they have not one reason to raise prices ... except greed.

You want to see the nation's people move straight into a full blown, honest-to-God Depression? Hit that $4.00 gas mark again, and I guarantee that will do it. As it is over 80% of people said they are doing no traveling for Memorial Day weekend. That means no business for restaurants, hotels, motels, parks, etc.

And yet Wall Street and the Fed drone on.

I listened to Obama's speech at Notre Dame. It was the most amazing speech I've heard since his speech on race relations during the campaign. The man is amazing. But is he for real? And if he is, why is he bowing down to the radical liberals and conservatives that are destroying this nation? One can only hope he's carefully maneuvering his power base to finally bring the moderation, cooperation, and change he promised for all those many months. Maybe, just maybe, we'll come out of this nation without it going to the extreme that has been the history of so many older nations of the past.

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