Comment

There Goes the Neighborhood

72
kansas8/28/2009 2:46:43 pm PDT

re: #51 3 wood

We need to see GDP growing and employment increasing, not just a slowing of the sinking.

When the Titanic was going down, the back 3rd of the ship broke free and bobbed back to the surface for a few minutes. Some people thought that meant that this part of the ship would stay afloat and would be come a big life boat. Same mistake is being made now by those who mistake a slowing of the decline with improvement.

We have 14.5 million unemployed and growing. Until that changes for the better appreciably, we are not improving, despite what some survey may say.

I don’t see how there can be either until at least 2010 if we are lucky, 2012 if we are moderately lucky, 2014 if we are not very lucky, or 2016 if we are completely fucked and have to put up with this shit until we are ruined.