Irrefutable Economic Common Sense

Far-reaching, Never-ending Great Recession

I don't care where you live or what you do for a living, many people and many industries are still hurting due to the ripple effects of "The Greaat Recession" that started in 2006..... got worse in 2007... and then even worse when U.S. investment banks melted down in 2008 due to an inflated and over-reaching [big] Federal Government forcing American banks to write home loans for people who could not afford to make payments if they missed a day's pay! ... and the economic carnage of all that government intrusion continues yet today. Said "liar loans" were eventually bundled and sold the the big Wall Street investment banks... only to have them become worthless due to countless borrowers being unable to pay the monthly mortgage payments.

Plus, recent labor statistics show that 7 of 8 jobs created in the last 5 years have been part-time jobs! And all those "newly created" jobs are lower paying jobs as well !!! ~ Do the math. This boads bad for all of us in today's economy.

Whatever personal difficulties or business slow-downs you are facing, economically / financially & investment-wise, know that they are not your fault.  The more people who are out of work (at any level of of income) means the less business / fewer product sales for everyone eventually.

And, if you are still working and financially secure be thankful.... be very thankful !!!!
Yes.... "The Great Recession" continues, with no end in sight. See article below . . .

http://news.yahoo.com/forgotten-madrid-suffers-tourism-slump-031827803.html  

Historically, the USA experiences a recession, on average, every 9 years... but those recessions typically last only 6 - 11 months... and we have always come out of them stronger than when we went into them. Hint ~ Think of a recession as a necessary economic burp. But this time the causes for the never-ending recession we are currently rooted in are related to "big government" intrusion (AKA: socialism) into banking & the private sector's business.

Conclusion - * "Big goverment" IS the problem.
( * 230+ years of the greatest [capitalistic] economic growth, creation of industries, jobs, wealth and military power the world has ever seen proves this fact beyond any debate. Remember... goverment has no money and creates no income of any kind other than what it takes from all of us. )

Concerned regards,

--Hillman

PS:  A learned & very wise quote by a man far smarter and more experienced than any of us . . .
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”  - - Winston Churchill, B. 1874 - D. 1965

Bio:  http://en.wikipedia.org/wiki/Winston_Churchill