Yesterday I woke up and tuned to CNN's American Morning, as I sometimes do. There I learned that during the month of March US companies eliminated a total of 80,000 jobs. I wasn't too surprised with the way the economy in this country has been slipping. The part the shocked me was that in the course of this year it is estimated that 320,000 jobs have been lost.
That in itself is a pretty scary thing. However, then I learned that this week 3 airlines stopped operations in the US. When you add the amazingly low and continuously dropping value of the Dollar, the subprime mortgage meltdown and the always increasing price on gas it's very hard to believe our amazing, super president that the economy will recover.
There is no doubt the economy will someday, eventually (perhaps) will recover. But there's this little voice in the back of my head that tells me that it won't be until dummy-boy leaves office. What's sad is that I don't think the worse is over. Be prepared as some of you may end up joining me on the unemployed group. Nice to see someone finally admit there's a recession:
"There is a recession. The question now is how deep and how long," said Lakshman Achuthan, the managing director of the Economic Cycle Research Institute.
On second thought; I'm sure the economy will bounce back once India and China start outsourcing their jobs to us. That will be a very entertaining and ironic day. Sad part is, it just may happen.