Israeli World Domination

The economic reports trickling out over the last month confirm, little by little, that there is no recovering from the Great Recession. Most American households, above all the soon-to-retire Baby Boomers, are cooked.....

....I begin with the premise that the economy will be worse, not better, in November. An inventory rebound and a reduction in the current account deficit should produce positive GDP growth, but jobs and incomes will continue to shrink. The boomers will realize that there is no light at the end of the tunnel: most of them are looking at retirement on Social Security and little else (the median $140,000 of assets will produce a meager $8,400 a year at 6% interest)....

....Obama, on the other hand, watched 5 million jobs disappear during his first year in office, three times more than were lost in Bush’s last year. It might not be his fault, but the bastard baby nonetheless lands on his doorstep.....

....Americans need to be told that ... the cure will take years rather than months to take effect. It’s not a happy message, and no one in politics is willing to deliver it - if indeed anyone in politics understands it.