There is a giddy excitement as the unemployment rate dipped to 8.8% and stocks continue to soar. There is dancing in the streets, balloons are popping, and the champagne is flowing. Things couldn’t be better. But as the old expression goes, “Figures lie and liars figure.” With the government controlling the employment numbers and printing worthless dollars to buy up bad debt and prop up the markets, the 2012 elections cannot be far away.
There are some important facts that tend to get overlooked as euphoria sweeps the nation. In spite of “Good” employment numbers, the man on the street sees no such improvement. Jobs are not easier to come by and many people are working at wages far below their qualifications. Company earning have improved because expenses, namely workers, have been drastically cut, not because sales are improving.
We have a $14 trillion dollar national debt, a $1.5 trillion budget deficit, and a growing bloated government. We are engaged now in three wars, energy prices are soaring, state budgets and debt border on insolvency, inflation is rising, and we have huge trade deficits. We have a budget busting health care bill, increased dependency on foreign oil, Social Security, Medicare, and Medicaid headed toward bankruptcy, housing prices continue to slump while mortgage foreclosures are increasing.
We have the highest corporate tax rate, highest litigation costs, highest regulatory costs, and among the highest labors, and an administration that is engaged in business and class warfare.
In spite of what we hear and see, the future is not so rosy if, The Truth Be Told.