Whoever knows he is deep, strives for clarity; whoever would like to appear deep to the crowd, strives for obscurity. For the crowd considers anything deep if only it cannot see to the bottom: the crowd is so timid and afraid of going into the water.

- Friedrich Nietzsche

A Recession Come & Government to the Rescue?

When President Bush says the "financial markets are strong and solid" he is correct, but that says nothing about the economy--financial markets are simply a transaction mechanism.

If he was implying the underlying economy is strong and solid he would not be discussing stimulus packages. And the reason he is discussing stimulus packages is that there are few politicians who believe in big government more than Republican President Bush. (One of the best comments heard over the holidays was a rabid Democrat thanking God for George Bush, "a Democrat in Republican's clothing.")

BTW, a recession is not a bad thing. Again, it is simply part of the boom and bust of economic cycles.

For those who do not wish to believe we are in a recession, you may want to read Jump in U.S. Jobless Rate Always Signaled Recessions

posted at 16:56:23 on 01/04/08 by clearpolitics - Category: Economics - [Permalink]

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