Saturday, March 12, 2011

Visit To An American Tent City

Reading the headlines over the last eighteen months one would think that the recession of 2008 is all but over. Unemployment, officially, is on the mend, with a reported 9.5% of Americans unable to find work (as opposed to official Great Depression numbers as high as 25%). Foreclosures seem to be stabilizing. Gross domestic product is in positive growth territory, signaling forward progress in the economy. Inflation, according to the latest Consumer Price Index statistics, is under control.

"The worst of the storm has passed," declared President Obama in his 2010 State of the Union address. For all intents and purposes, any threat of a second great depression has been averted.

But what is depicted by our media and the official statistics put forth by government number crunchers, and what is happening on the ground on Main Street America, are two wholly different thin

No comments:

Post a Comment