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For a year, the California Political News and Views has said that California is in a Great Depression. Now, economic experts are saying the United States is in a Depression.
"Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday.
Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains.
But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg.
Rosenberg calls current economic conditions "a depression, and not just some garden-variety recession," and notes that any good news both during the initial 1929-33 recession and the one that began in 2008 triggered "euphoric response."
Sadly, the Arnold/Obama policies are driving us deeper into the Depression--high taxes, bad policies, killing of jobs to "save" the planet (based on smears, lies and data shredding).
America is in trouble, California is in trouble. Only a real regime change will save us. That is what November 2 is for.
More...
"Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday.
Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains.
But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg.
Rosenberg calls current economic conditions "a depression, and not just some garden-variety recession," and notes that any good news both during the initial 1929-33 recession and the one that began in 2008 triggered "euphoric response."
Sadly, the Arnold/Obama policies are driving us deeper into the Depression--high taxes, bad policies, killing of jobs to "save" the planet (based on smears, lies and data shredding).
America is in trouble, California is in trouble. Only a real regime change will save us. That is what November 2 is for.
More...