Thursday, July 30, 2009

Now the real crisis starting in US

It is typically that the US mainstream media doesn't give any useful information to the people. The journalistic professional standard is seriously corrupted. They are now talking about that the economy is stabilizing, at a time when the retail sector is on the way out of the cliff. The majority is now seriously confused. The polls shows that people demand more and better public services, less deficit, and at the same time want tax cut. They want to keep status quo in healtcare at the same time as they have voted for a president that had healtcare at the top of his agenda. They have serious crime problem and spend huge amount of money on security and police, at the same time as there is are 46 million under 65 years without health insurance in 2007! That is 18 percent of the population. There are now about 10 percent unemployed, and the retail sector is on the verge of serious collaps and the don't want to talk about it! Do the rich people in US really think that their country will become a nice place to live with 25 percent unemployed and guns in every ones pockets? If Obama dont 1get the reforms in place very very fast, US will run into some serious problems that will have negative impact on the rest of the world.

Here is a good investor comment from the Seeking Alpha blog:

"In short, the “big picture” of the U.S. economy is completely clear, it's in terrible shape and rapidly getting worse. Meanwhile, the U.S. propaganda-machine continues to fuel the U.S. fantasy-rally with nothing more than “smoke-and-mirrors”."

http://seekingalpha.com/article/152552-a-reality-check-on-u-s-economic-recovery?source=feed

If you want to laught, take a look at this video:
http://www.hoocoodanode.org/node/7494

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