Stimulus plan defended . (Los Angeles Times – Business Section, Saturday, July 11, 2009, from the AP Wire.) ” Geitner tells House panels that there are ‘crucially important signs of initial progress on the recession….There’s been substantial improvements in arresting….the worst recession….we’ve seen in generations ‘….this amid waning public support for President Obama’s economic policies.”
Timmy, Timmy, Timmy – what planet are you on? Did you and your boss and the theives in both Houses think that buying off the banks and giving money to failed corporations was going to improve anything? Your boss promised the unemployment rate would top out at 8 percent – the rate continues to rise. The truth of the matter is your absurd argument of the negative results being part of the process is ridiculous…. Moving forward.
Job losses darken consumer’s mood. (Los Angeles Times – Business Briefing, Saturday, July 11, 2009 – on the page opposite of Geitners comments.) ” Optimism among consumers….to an economic recovery…. fell as unemployment approaches 10 percent. The Rueters University of Michigan preliminary index of consumer sentiment, declined more than forecast….suggesting that the recovery might be weaker than anticipated.”
Enough is enough. The business sections reporting first the economy is recovering – than is not – but it will – maybe it won’t, etc, etc, is becoming quite tiresome and shows a weakness in the lack of accurate reporting on the recession. The American public is finally realizing that the old smoke and mirrors reporting of the past, is no longer believed. I would suggest that some of the financial “experts” should get out among the people to get the real picture – believing the misrepresentation of facts by the administrations spin doctors does all of us a disfavor – wise up, you don’t have much credibility left. Just my opinion.
Beaudreaux
