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The economists tell us that technically we are out of a recession.
Unemployment has not gone down, foreclosures are up, deficits and government debt is up.,
The fact we are out of a recession is a nice theory for a textbook. For the real world, that is a sick joke.
.
We are still in a recession and to a large number of Americans we are in a permanent Depression.
"Among the adjustments, respondents cited debt reduction (41 percent), increasing cash reserves (39 percent), hiring freezes (34 percent) and delaying plans for expansion (34 percent)."
That is why we are in a Depression in California--business people are acting rationally, while government continues to act like a dictator that is blind to the fiscal crisis it has created.
More...
Unemployment has not gone down, foreclosures are up, deficits and government debt is up.,
The fact we are out of a recession is a nice theory for a textbook. For the real world, that is a sick joke.
.
We are still in a recession and to a large number of Americans we are in a permanent Depression.
"Among the adjustments, respondents cited debt reduction (41 percent), increasing cash reserves (39 percent), hiring freezes (34 percent) and delaying plans for expansion (34 percent)."
That is why we are in a Depression in California--business people are acting rationally, while government continues to act like a dictator that is blind to the fiscal crisis it has created.
More...