{"article":{"id":218210,"heading":"U.S. Economy doing well? Think again.","author":"Peter Stern","created":"2008-06-08 23:12:04","modified":"2008-06-08 23:12:04","last_modified":"Mon, 09 Jun 2008 06:12:04","article":"

The U.S. economy is in danger of sinking like a stone.

\"Is the glass half full\"? While a few hold up the glass for observation, it is doubtful.

The stock market does NOT think so.

http:\/\/www.cnbc.com\/id\/25008825<\/a>

The people who are losing jobs do NOT think so.

http:\/\/www.southernledger.com\/ap\/138672\/Biggest_jobless_jump_since_86__Wall_Street_sinks<\/a>

And finally, President Bush (though still in partial denial) does NOT think so.

http:\/\/www.reuters.com\/article\/businessNews\/idUSWBT00811320071220?feedType=RSS&feedName=businessNews&rpc=23&sp=true<\/a>

The main reason that the U.S. economy is in crisis is that our leaders have had blinders on. They and their special interest constituents have made BILLIONS in profiteering while the majority of Americans have been left in financial \"dust\".

These issues were foreseen. Many writers and political observers (including myself) forewarned of the hard times ahead, yet few listened to the warnings. Americans are paying now for that lack of attention --- literally.

Now that we have the attention of the president, his administration and our congress, perhaps we may move on towards some expeditious resolutions to our economic, political and social urgent issues.

----

www.pstern.statesmanblogs.com

<\/p>\n","contact":"pstern@austin.rr.com","link":"","address":"","phone":"","parent_id":0,"mime_type":"image\/jpeg","summary":"Hold on to your shorts and wallets!","numcomment":0,"fileurl":"\/uploads\/2008\/06\/sternpeter_007.jpg8ptxsb.jpg","filesize":"3.5 kibibytes","article_url":"\/news\/2008\/06\/218210.php","image":{"original":"\/uploads\/2008\/06\/sternpeter_007.jpg8ptxsb.jpg","small":"\/uploads\/2008\/06\/sternpeter_007.jpg8ptxsb.jpgthumb.jpg"}},"attachments":[],"comments":[]}