Floundering!
Our economy is in a mess. Why? Because of massive borrowing by the Bush and Obama administrations. That money initially buoyed the economy and the stock market because of a simple cause and effect…
When huge amounts of money chases limited resources, the cost of those resources go up. It’s called supply and demand. Did you notice that real estate rocketed? And like all rockets, when the (borrowed money) fuel ran out the rocket plummeted to earth.
We’re in the plummet part of the trajectory. The rocket has yet to hit the ground, but it will. And how hard it will hit will depend on if our government actually solves any problems or just pretends to. It pretends a lot, as you know.
At this time, it’s still pretending. Our government is rudderless, leaderless and worthless. President Obama is piloting the rocket into the ground, kamikaze style. Don’t worry. He has a very nice parachute… a very large federal pension to soften his landing.
While he makes inspiring speeches, even though they aren’t as inspiring as before his election, he is far out of his league.
Fasten your seat belts, the ride is about to become bumpier.
Vote for Allan Levene for Congress.