You don't want the truth because deep down in places you don't talk about at parties, you want me on that wall -- you need me on that wall. Jack Nicholson in "A Few Good Men"
Let's face it...there are a large number of people in the press and in politics who are desperate to have the US economy stop bleeding and show signs of growth. They "want" and "need" the recession to be over. They need it so bad that when jobs numbers are released showing massive US job losses, they turn it around and say the losses are good, because the loss was less than expected! This has been going on for 3 or 4 months. Any bad news is repackaged to be neutral or even good news! How long can this last? Is anyone out there still buying this hogwash?
1) US is still facing a Real Estate crisis, with many, many, many more foreclosures to come in residential and commercial.
2) US is a long, long, long, way from robust job creation (100k-200k per month) that will get the economy humming again.
3) Credit markets are still very tight. Anyone applied for a mortgage lately?
4) There is no plan to get the massive US deficit under control.
So, to the Press and Politicians---
You can't handle the truth! Jack Nicholson in "A Few Good Men"
Let's face it...there are a large number of people in the press and in politics who are desperate to have the US economy stop bleeding and show signs of growth. They "want" and "need" the recession to be over. They need it so bad that when jobs numbers are released showing massive US job losses, they turn it around and say the losses are good, because the loss was less than expected! This has been going on for 3 or 4 months. Any bad news is repackaged to be neutral or even good news! How long can this last? Is anyone out there still buying this hogwash?
1) US is still facing a Real Estate crisis, with many, many, many more foreclosures to come in residential and commercial.
2) US is a long, long, long, way from robust job creation (100k-200k per month) that will get the economy humming again.
3) Credit markets are still very tight. Anyone applied for a mortgage lately?
4) There is no plan to get the massive US deficit under control.
So, to the Press and Politicians---
You can't handle the truth! Jack Nicholson in "A Few Good Men"
