AMERICA COLLAPSES WHILE WALL STREETS PARTIES
By Daniel at 7 November, 2009, 1:57 am
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“Gloomy times for commercial real estate” By Carolyn Said
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/11/06/BUO71AFVTV.DTL&type=business
Personal bankruptcies have now hit a record high of 1.4 million this year and are soaring at a record rate. Foreclosures on residential properties are running at 1 million per quarter for an annual rate of 4 million across America. Actual unemployment is now over 23% just 1% below the all time high ever recorded of 24% in 1932 at the depths of the Great Depression. And that doesn’t even take into account the situation with the self-employed and underemployed.
And Wall Street’s response? Recovery is here. Stocks soar. Dow over 10,000, up 3% this week. Record bonuses planned for executives.
And the US Government’s response? Pour more gasoline on the debt fire by refusing to debate and pass a budget for 2010 which is now well over 1 month late while at the same time wasting time on increasing spending by over $1.2 trillion by trying to shove the HEINOUS HEALTH HEIST down the throats of Americans. Last year’s budget deficit was $1.8 trillion by reasonably correct accounting, and $1.4 trillion even with bogus account. CONGRESS IS BANKRUPTING AMERICA, FAILING TO DO ITS JOB, AND WHAT IT DOES DO IS `100% WRONG.
When is this INSANITY going to stop?
AmericanPatriot
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