Well, duh !
President Bush just might be the last person on the planet to have figured out that the U.S. economy is in trouble. He really needs to get out more often. Looking at the nation through rose-colored glasses while sitting in the Rose Garden, it’s hard to see what has been happening to the economy.
Last Friday, Mr. Bush announced with a straight face “it’s clear our economy has slowed”. That’s sort of like a physician standing over a corpse and announcing “it’s clear the patient’s condition is deteriorating”.
Not only is the President’s news flash embarrasingly late, but it also reeks of an administration in denial. We’re not in a depression. Not even in a recession. It’s just a wee bit of a slowdown. Nothing to worry yourself about, laddie.
Unless, of course, you home is being foreclosed, (foreclosures up 57% in the first month of this year) your job has been shipped to China, you can’t afford groceries or gasoline, you have no health insurance, your investments and retirement accounts have evaporated into thin air, and you won’t be able to retire until you’re 175 years old.
By the way… You know all those shipping containers flooding our ports, laden with stuff made in China? Bet you thought all those containers are empty on their return trip to Asia. Wrong!!! We pack those containers with millions of high-paying American jobs before they are loaded onto ships for their journey home.