Tuesday, April 13, 2010

Our False Recovery: Why Wall Street Is Up and Everyone Else Is Down

"Since Americans believe that the New York Stock Exchange represents the national economic thermometer, they have been seduced into thinking hat we have fixed our financial problems, and we are on the road to a real recovery."



Reality check. I recently saw a letter from a school Principal asking for contributions for groceries for a family within the school that has been adversely impacted by the economy. This is in the San Francisco Bay Area. It really doesn't matter what the media spin on the economy is when reality confronts you like this. This Principal's request for aid for one of the school's families carries more weight than any news conference or article by economic experts. I'd add, that the same people trying to convince us that the economy is better are trying to convince of the perception of the American People on the economy. I'd say, people have eyes. People may watch television or read the paper, but at some point they leave their homes and interact with the real world, and that's when reality trumps spin.
Read the Article at HuffingtonPost

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