Face up to the truth on economic 'recovery'

info@islandpacket.comAugust 26, 2013 

According to our government and the media, we are in a roaring recovery. Europe is solved. China is now positive. Real estate is soaring. People are working again. Prosperity is around the corner ... or is it?

Reality is much uglier. In 2008, we got our wake-up call. Since then politicians and their lackeys in the press have tried to put us back to sleep.

The fact is that 70 percent of our economy is consumer spending. Spending is down. Why? Because income is down. Families can't spend what they don't have. What they do have is increased cost of food, health, drugs, taxes, utilities, gasoline, education, etc. Seventy-seven percent of jobs created are part-time with no benefits.

We are poorer, and no amount of manipulated "good news" about the economy changes the fact that we are on the verge of collapse and running out of time.

Nero fiddled while Rome burned. Our politicians are fueling the fire. The Fed's zero-percent interest policy may be saving banks and Wall Street, but it is killing Main Street. Pouring $85 billion a month into banks and bonds may keep the Dow Jones industrial average increasing, but it is debasing our currency.

Look around. Poverty has come to the suburbs. Our politicians have no plan for recovery. They are just riding it out, hoping the American people will spend us into prosperity. The Golden Goose is dying. We need new doctors. We need patriots, not politicians. We need to remember who we were and who we are.

Roy Spurlock

Beaufort

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