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Sunday, April 3, 2011

Good News?

This week's Economist has this to say in its Business Briefs.

Still in Recession

There was more dismal news from America's housing market, as the S&P/Case-Shiller home-price index for 20 cities fell by 3.1% in the three months to January from the same period in 2010. S&P said none of the data pointed to "any form of sustained recovery".

There can be NO sustained recovery as long as 15 million Americans are unemployed and another 15 million are working short hours. Yet this simple fact seems to have completely eluded the White House and Congress. Does anyone have any idea how such a huge elephant in the living room can continually be ignored by Obama, et al????

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