We had reversed the recession, avoided a depression, got the economy moving again…
President Barack Obama
August 15, 2011
While the President, his czars and inner circle experts promise Americans that we are well on our way to recovery, Vice President Joe Biden isn’t so sure.
“The unemployed are really in trouble,” Biden said in a campaign stop in Dubuque.
“My grandpop used to say — from Scranton — he said, Joey, the guy in Dunmore, the next town over, when the guy in Dunmore is out of work it’s an economic slowdown. When your brother in law is out of work it’s a recession. When you’re out of work it’s a depression. It’s a depression for millions and millions of Americans.”
But, but, but….
What about the trillions of dollars we added to the national debt that was supposed to create millions of jobs, kick start the economy, and get consumers spending again?
As we and others have maintained for several years, this country is now smack dab in the middle of a Depression. We’ll know in hindsight how bad it really is, but we can be assured that, as trend forecaster Gerald Celente once noted, “it will be like nothing we’ve ever seen in our lifetime.” Read more......