Comments on: The Economy is Getting Worse Not Better http://www.dailyreckoning.com.au/the-economy-is-getting-worse-not-better/2009/07/03/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Kevin http://www.dailyreckoning.com.au/the-economy-is-getting-worse-not-better/2009/07/03/comment-page-1/#comment-93094 Kevin Sun, 16 Aug 2009 23:55:45 +0000 http://www.dailyreckoning.com.au/?p=6466#comment-93094 I agree that things are not getting any better. All these "experts" talk about the green shoots and the July unemployment numbers went down. Then they talk about how the stock market has gone up several months now in a row. They don't see what I see. Millions unemployed, many of those on extended benefits. The unemployment goes down from 9.5 to 9.4. Don't they realize that it is because the/10% represents the people that have lost their extended benefits? The only stimulus to the economy is Federal spending. Cash for clunkers Tarp, Economic stimulus, etc. The government is the only employer hiring and spending money. How long can this go on? Will we all be government employees? This is not a recovery. It is a continuation of the repression we are currently in. I agree that things are not getting any better. All these "experts" talk about the green shoots and the July unemployment numbers went down. Then they talk about how the stock market has gone up several months now in a row. They don't see what I see.

Millions unemployed, many of those on extended benefits. The unemployment goes down from 9.5 to 9.4. Don't they realize that it is because the/10% represents the people that have lost their extended benefits?

The only stimulus to the economy is Federal spending. Cash for clunkers Tarp, Economic stimulus, etc. The government is the only employer hiring and spending money. How long can this go on? Will we all be government employees?

This is not a recovery. It is a continuation of the repression we are currently in.

]]> By: Barack Geitner http://www.dailyreckoning.com.au/the-economy-is-getting-worse-not-better/2009/07/03/comment-page-1/#comment-90045 Barack Geitner Thu, 23 Jul 2009 16:55:59 +0000 http://www.dailyreckoning.com.au/?p=6466#comment-90045 Yah...1929 all over again...ignorant voters put the same sheisters back in office, locally, statewide and nationally...so what is expected? More of the same...wait until states problems become unmanageable (meaning they wont be able to pass their budget messes into the future any longer) This will trigger the next big "phase" of the econ contraction... wait and see...wish I were wrong...but you cant fix a problem group...when the group makes the decision about what (if anything) to fix. Yah...1929 all over again...ignorant voters put the same sheisters back in office, locally, statewide and nationally...so what is expected?

More of the same...wait until states problems become unmanageable (meaning they wont be able to pass their budget messes into the future any longer) This will trigger the next big "phase" of the econ contraction...

wait and see...wish I were wrong...but you cant fix a problem group...when the group makes the decision about what (if anything) to fix.

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