Thursday, May 24, 2012
just around the corner
New unemployment claims this week: 370,000 -- not good news.
And no, the economics shamans pulling this handful of rabbit turds out of a top hat are not handing us this shit because the confidence fairy didn't leave a nice, shiny new dime under their pillow. They're doing it because they don't give a rat rump about ordinary people.
So the captains of finance and industry keep telling each other that EL DEFICITO is the main problem, which gets repeated by the administration they appointed, and then is amplified through the network TV echo chamber. Trouble is, nobody actually believes it any more, not even the people saying it.
They all know as well as John Maynard Keynes did that cutting spending during a depression makes things worse. They simply don't care.
This is the fifth year of the depression. Unemployment is stuck at slightly above eight percent. Where's our hope and change?
But don't vote for that poorly-programmed idiot robot running against him. You'll be sorry if you do.
This is going to be difficult.