RECESSION OR NOT--HERE WE COME!
By Schuyler ThorpeAuthor and Political Activist
We all know it’s coming.
A dreaded recession.
Oil is up.
Gas is up.
The dollar is weak.
Gold prices are past $800 an ounce.
Inflation is climbing.
I’m paying $4.19 a loaf for the good stuff. Not to mention $10 for baby loaves of cheese (a piece), along with pricy eggs, butter, and milk.
Heating our homes is going to be costly this winter.
And the cost of living is out of control.
Bottom line: Our nation simply cannot continue on the same path that it has been–spending itself into debt so recklessly.
But despite the warning signs, people like Treasury Secretary Henry Paulson and Ben Bernanke still believe that everything will be peachy and we all just gotta keep believing in the mythical Tooth Fairy.
“Low interest rates are going to keep our economy going!”
“The dollar is weak!” they tell us, “but it will rebound! You just gotta have faith!”
Faith?
Faith isn’t watching our government train wreck our economy by spending out of control to the tune of $9.3T dollars. Faith isn’t watching the Fed play Russian roulette with interest rates–dropping them during this housing and credit crunch; instead of tightening and raising rates to keep oil prices from spiraling upwards and keeping a strong check on the falling dollar.
Faith is asking the US consumer to open their collective eyes and see how much damage that our government’s reckless economic policies are doing to us–the American citizen.
That’s the open reality here. Not these fantasy comments on how the economy is going to continue to weather this and that–when the reality on the ground says much differently.
Schuyler Thorpe is an author, a political activist, and a frequent letter writer to The Everett Herald of Snohomish County. He can be reached at: starchildalpha1 at yahoo.com
Labels: debt, economy, fantasy, gold, interest rates, oil, reality
posted by Schuyler Thorpe @ 7:24 PM
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