21 Reasons Why The So-Called "Recovery" Is A Joke For Most Americans

[MNeagle]

21 Reasons Why The So-Called "Recovery" Is A Joke For Most Americans


Yes, U.S. GDP is growing and corporate profits are beating expectations across the board. Companies are flush with cash, and banks are confident again. It's surely a recovery... for them.

Yet many Americans are experiencing more hardship than they've ever known. In addition, some of America's most severe long-term economic problems are getting worse.

That's why for most Americans the rebound in GDP is meaningless and the economy isn't recovering.

Click here to see why > (http://www.businessinsider.com/21-saddest-facts-about-this-so-called-recovery-2010-7#ixzz0v5PuTeBm)

http://static.businessinsider.com/image/4c518c087f8b9a3773570500-284-213/homeless.jpg

[Saul Mine]

Yes, U.S. GDP is growing and corporate profits are beating expectations across the board. Companies are flush with cash, and banks are confident again. It's surely a recovery... for them.

Financial news is always reported from the banker's point of view. Always. When they reported a depression in the 1930s it was only a depression for bankers and financiers. The working stiffs actually became wealthier in that period: paychecks were worth more even though the numbers all got smaller. Then came WW@ which the bankers say pulled the country out of the depression. If you look you will see that WW2 pulled the country [into all indications of depression. The same is true of every financial event ever. The bankers twist everything to their own viewpoint and the newspapers report that as the only truth.

If you check with Howard Katz (http://www.thegoldspeculator.blogspot.com/) every Monday he will sort out some of these things for you.