The Obama Economic "Recovery" races "forward" . . . Well, not really forward, it's more a circular motion and frankly, I'm getting dizzy! Jobless claims are up 15,000 to 382,000. That's a two month high. Figures released Sept. 12 indicate that household income declined in 29 states last year. Gas prices shot up an impressive 13.9% in August, a 3 year high. Food prices rose .9% with the promise of even higher prices to come. But NOT to worry! Ben Bernanke announced Thursday that the Fed will save us all with QE3, which is reassuring since we all know how well QE1 & 2 worked out. (should I insert the definition of insanity here for emphasis?) When WAS the last time that more government involvement was the solution? Meanwhile, as we make one more trip around drain I'd appreciate it if someone would please pass me a Dramamine.
No comments:
Post a Comment