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Why aren't we getting the truth about the economy?
4 posters
Why aren't we getting the truth about the economy?
Why aren't we getting the truth about the economy?
But isn't the economy growing again - by an estimated 2.5 to 2.9
percent this year? Yes, but that's even less than peanuts. The deeper
the economic hole, the faster the growth needed to get back on track. By
this point in the so-called recovery, we'd expect the economy to be
growing by 4 to 6 percent.
Consider that back in 1934, when it was emerging from the deepest
hole of the Great Depression, the economy grew 7.7 percent. The next
year, it grew over 8 percent. In 1936, it grew a whopping 14.1 percent.
Add two other ominous signs: Real hourly wages continue to fall, and
housing prices continue to drop. Hourly wages are falling because with
unemployment so high, most people have no bargaining power and will take
whatever they can get.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/09/INRS1IQCQO.DTL#ixzz1J798ZlwH
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/09/INRS1IQCQO.DTL#ixzz1J78HPZRa
But isn't the economy growing again - by an estimated 2.5 to 2.9
percent this year? Yes, but that's even less than peanuts. The deeper
the economic hole, the faster the growth needed to get back on track. By
this point in the so-called recovery, we'd expect the economy to be
growing by 4 to 6 percent.
Consider that back in 1934, when it was emerging from the deepest
hole of the Great Depression, the economy grew 7.7 percent. The next
year, it grew over 8 percent. In 1936, it grew a whopping 14.1 percent.
Add two other ominous signs: Real hourly wages continue to fall, and
housing prices continue to drop. Hourly wages are falling because with
unemployment so high, most people have no bargaining power and will take
whatever they can get.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/09/INRS1IQCQO.DTL#ixzz1J798ZlwH
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/09/INRS1IQCQO.DTL#ixzz1J78HPZRa
Guest- Guest
Re: Why aren't we getting the truth about the economy?
I put this on my Facebook, we need to educate people, create awareness, and put politicians on notice, especially R's that promote the BS that the unemployed are lazy and just need to get out there and get a job. Broadcast this far and wide.
aloneinpa- Premium Poster
- Posts : 312
Join date : 2011-02-13
Age : 65
Location : Pennsylvania
Re: Why aren't we getting the truth about the economy?
It's simple , ALL politicians want to be re-elected including DEMS, or they would be out front saying how bad it is !
UPCHITCREEK- Super Poster
- Posts : 1423
Join date : 2011-02-14
Age : 64
Location : Florida
Re: Why aren't we getting the truth about the economy?
Just like the budget cuts they just did , 38 billion in cuts out of a 1.6 trillion in spending , yep really doing something ... RIGHT ! PURE THEACTRICS !!!
UPCHITCREEK- Super Poster
- Posts : 1423
Join date : 2011-02-14
Age : 64
Location : Florida
Re: Why aren't we getting the truth about the economy?
because if the truth got out....then the people would know that they are all LIARS......
KeeptheFaith- Premium Poster
- Posts : 471
Join date : 2011-02-13
Re: Why aren't we getting the truth about the economy?
Because the media is controlled by the elite!
doreenb- Premium Poster
- Posts : 169
Join date : 2011-02-16
Re: Why aren't we getting the truth about the economy?
doreenb wrote:Because the media is controlled by the elite!
You mean the government .... Oh wait special interest run that , wait they are the ELITE !!!
UPCHITCREEK- Super Poster
- Posts : 1423
Join date : 2011-02-14
Age : 64
Location : Florida
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