Yesterday, we had the NBER stating the recession is over. As a matter of fact, the NBER stated that the recession ended in June 2009. Indeed, looked at all the jobs that have been created since June 2009. Right? Besides jobs, I know there has to be more, but I just can not think of any at the moment. Will someone in the Obama Administration please help me out here!
Today, we have Spanish Prime Minister José Luis Rodríguez Zapatero declared that the European debt crisis is over. Wait a minute! Isn't he a politician? Believable, I think not. Does anyone really believe that our recession is over or that the European debt crisis is behind us? Folks, perception is not reality. It's all a confidence game, and no one is buying it this time. As a matter of fact, the worse of the crisis is probably still ahead of us! Now, I am wondering what the announcement will be tomorrow. What about "a chicken in every pot and a car in every garage." No, that has already been used by Herbert Hoover. Well, I am sure that there will be some statement to the tone that claims prosperity for everyone is just around the corner.
Keeping with the spirit of "Letting the Good Times Roll," I thought you might you enjoy the music of the Cars from 1978. Hey, at least it is newer than Louis Jordan's 1930 version from yesterday's post.
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