Code Name: "RECOVERY"
Tim Geithner's definition of Recovery:
"But this is going to be a different recovery than in the past because Americans are going to have to save more. A lot of damage was caused by this crisis. It's going to take some time for us to grow out of this.
"It could be a little choppy. It could be uneven. And it's going to take awhile."
That is right Fools....IT WILL TAKE A WHILE AND IT WILL BE DIFFERENT.
As more jobs are lost....real estate will crash
As revenues evaporate....businesses will shut down
As tax receipts implode....government will cut
If the Fed keeps printing money recklessly, our currency will be worthless.
Recovery in Mr. Geithner's world does not mean improvement as many Fools understand the definition. As the nation continues to deteriorate under protracted zombulation policies....expect social unrest to rise and President Obama's options becoming more and more limited.
Wage Stagnation Pinches Millions of U.S Workers
You can only be pinched so long before it really hurts.....