When people start to realize that this falsehood of recovery isn’t happening, states start cutting to save money, the Fed stops pouring money into the supply and the same thing that happened before happens again (everything sagged downward after the Fed quit forcing money into the system), consumer confidence may indeed take another hit and pull things back down.
In other words – we could end up with a severe blow that could take some real time to shake off because people don’t want to tell you the truth, build up false confidence and set you up for a fall.
Obama needs a swift kick in the butt. Sweeping us under the rug may be the norm but I thought he was better than that.
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Join date : 2011-02-21
Age : 42
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