We are trending in the right direction, as far as the economy is concerned. But that trend is being sorely threatened by increasing oil/fuel prices. All economist agree that $4.50 to $5.00 per gallon gas prices will bring economic growth to a halt and, may send us spirally back into a deep recession.
Many Californians are already paying between $3.85 and $4.03 per gallon for gas and truckers are paying well over $4.00 per gallon for their fuel -- costing them more than $1,600 per fill-up.
Food prices are at an all-time high.
Layoffs At Pre-Recession Level; Job Openings Down 30%...
GALLUP: Unemployment Hits 10.3% in February...
25% of all American homes are vacant.
..................11% are in foreclosure
..................30% are "upside down" in terms of equity to home value.
Point of post: can anyone say "Here we go again.?"
Here the rub: not one of the 100 to 150 libs who visit this site each day can give us one seriously effective Obama policy dealing with the economic crisis. Hint: don't even try. The recession is nearly three years old. If there was a "seriously effective policy" in place, we would be in hog heaven. Instead, we are just feeding the hogs while China is buying up the mansions. Thanks Obama.
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