Wednesday, November 4, 2009

Lies, Damn Lies, and Government statistics

It was announced today that we are officially out of the recession. Why? It only makes sense. When the hated George W. Bush was president, the media constantly reported we were in a recession for more than a year before we were actually in one, with the net result that ultimately we had a self-fulfilling prophecy. Now that the love of their lives Barak Obama is President, they need to turn the economy back around, so a second lie should undo the damage of the first. It's not that easy.

All those foreclosed houses are still sitting there. All the empty auto dealerships, malls, big box stores and factories are still empty. And well more than 10% of the population is still unemployed. I don't think we are back to happy faces, balloons and champagne yet. Not even close. And then ... there is still the piper to be paid. The only growth in expenditures is totally offset by a growth in debt. The worst is yet to come. One way, or another. The debt must be paid.

And the politicians aren't even chastened. They still intend to increase how much they take from you, so they can give it back and tell you it came from them.

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