When Mr. Bernanke made the public announcement, that he thought the recession was over, I was like, "WHAT, are you kidding me?"
The recession is far from over. The stock market has been, and still is, being artificially pumped up, because banks and corporations, have been buying back their own stocks, which gives the stock market the appearance, that money is being made.
There haven't been enough new jobs created, for the amount of jobs, that have been lost. Even though the numbers went down for people signing up for unemployment benefits, a lot of those people, who are no longer counted, are still unemployed. Most of the people, who were lucky enough to find new employment, have taken a pretty big pay cut.
The answer is, not to keep borrowing and spending, because we don't have enough people working good paying jobs, to pay it back. We need to be wiser. We will need to take more pain, before we can expect an end to this recession, which isn't here yet, period!
The last thing, that is holding us back, with handling this recession, the right way, is that the propaganda news, is trying its hardest to make it seem, like the worst is over.
The first video, is from the All Propaganda (AP) news media, which always tries to paint a pretty picture, when it comes to trying to make you believe, that the recession is over. Could it be, that they really don't know, its not over, or is it because they think that the average American, can't handle the truth.
The second video, is more likely, what is really going on. So, I suggest, that you stick to your own gut feeling, and keep saving your money, because worse times, are on their way, and I know that you won't want to be caught flat footed, when it comes to your health and well being.
Here is a link, which proves that, we are still in a recession
http://www.gazette.com/articles/free-62056-inmates-colo.html
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