Economic Meltdown!

What is going on with the economy? The White House claims that the stimulus package saved the day and the mainstream media insists that this is just a "recession." Something, however just doesn't add up.

Consider these facts.

1. 1.41 Million Americans filed for bankruptcy in 2009, a 32 percent increase from 2008!

2. The unemployment rate is at 10.2%, and the federal government continues to ignore the underemployed and the fact that over 800,000 Americans have simply "given up," on finding a job and have exhausted their unemployment benefits (these persons are conveniently omitted from the unemployment rate).

3. In a sign that things ARE NOT getting better, December was the worst month, since the so called "recession" began. (Telegraph U.K.)

4. Compared to the 2001 recession, when America lost 2% of it's jobs, this "recession" has already resulted in over 5% of jobs being lost. (My Budget 360)

5. The percentage of Americans ages 16 to 24 without a job is a staggering 13% lower than it was 10 years ago. (Business Week)

These simple but silent facts are indicative of an economy that is anything but on the mends. If the trend continues, and there is no reason to think that it will not, we are about to witness something much worse.

Despite the excessive spending that has taken place in the past 10 years, the current administration along with the Democratically controlled Congress insists on spending more and more money. While main street is starting to realize that something just isn't right, our government continues to propose outrageous spending packages that will only benefit special interest.

The average American is perfectly aware of simple economics, if you are in debt, you have to curb spending, you save money and pay down your debt. The government on the other hand, continues to suggest more spending. Anyone with enough sense to lick a postage stamp knows full well that this so called cure will not work and furthermore, it doesn't even make good NONSENSE!