Daily I read and listen to the disconnected- saying this country has "bottomed out" with the bad recession (Depression) and things will start getting rosier.
The Feds can't account for many BILLIONS they gave to their friends in the banking and investment community. They'll come looking in OUR pockets...
The 2 points in the news today that proves those people are disconnected:
1) July consumer spending and unemployment: down and up- we're tired of buying Chinese crap and have no money to buy it if we wanted to...
2) Foreclosures on homes shot up 7% in July- this is one of several "waves" of foreclosures still on the horizon.
People are not buying when you're not sure if you'll keep your job- either in the private or governmental sector.
The U.C.S.A.- the United Corporate States of America kind of says it all citizens....
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