Thursday, June 02, 2011

So, this sucks . . .

So it looks like the much applauded, elusive mystery recovery isn't happening yet.  We keep getting all sorts of news about the state of the economy, all of it bad and all of it "unexpected."  Unemployment got worse, not better.  Industrial orders fell lower, not higher.  Confidence deflated, not grew.  Maybe there wasn't a recovery on the horizon, after all,despite pronouncements that things had turned around.  It's kind of like the Iraqi news spokesman for Saddam announcing that U.S. tanks were nowhere near Baghdad, as they were drag racing outside the ministry where he was.

Hope and change?  I haven't seen any of the hope part, and the change part really blows backwards.

I don't know if the situation is the result of incompetence or deliberate sabotage.  But I know it isn't simply bad luck.  There's deliberately selected policies at work.

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