- Posted September 18, 2009 by
Watertown, New York
This iReport is part of an assignment:
How's your economy?
- Drug Company,Novatis, Pays U.S. Government $422.5M in Marketing, Kickback, 'Pay to Play' "Fine"
- America- Having Two Jobs Now Necessary to Break Even
- Snow In April In Northern NY? Seriously?
- No Farms, No Food. Right? No Jobs, No Economy? Not Quite True..
- U.S. Government Finances Yet More of China's Technological and Manufacturing Superiority
Bernanke Says the Recession's Over...Over For Who?
Is the recession over for you?
Many bankers are enjoying the profits generated by the "Credit card reform bill" which allows them to be able to gouge consumers with higher interest rates and pay back TARP money with money they're making on us now with Congress's tacit support through legislation that was "designed to help consumers".
Wall Street is rallying and I'm sure the wealthy investors and brokers are enjoying the recession "being over".
Health care companies executives will soon enjoy the recession being over when Congress passes legislation without a public alternative to reward corrupt insurance companies 46 million more customers that will be forced to buy expensive insurance policies from private insurance companies or face a fine.
The Federal Government announces that the recession is over...yes over for those they have taken care of, those that have contributed the most to their re-election campaigns and those they see as being most important on their list of "people to help or should I say "to repay"
for their "support during this crisis".
Maybe they simply believe that these corporations by being helped will lead us out of this recession by creating more jobs for Americans when they are again healthy. If so, this is naive or just morally bankrupt.
Sounds like "trickle down economics" to me. Problem is , again, it's not trickling down.
The recession is not over, Chairman Bernanke. But I can appreciate your positive spin. Wishful thinking won't fix this mess. More jobs will.