F**k!! How hard is it to see that no recovery is possible when there are legitimate forecasts of OFFICIALLY PUBLISHED unemployment rates as high as 16%, never mind the real rate. Anyone buying this recovery bullshit and investing accordingly, with a few, repression beating exceptions, is farked. How complicated is it to realize it's ALL about jobs? We had 12% mortgage rates when Reagan came into office and people began buying homes and cars again because the job market improved. Conversely, as we've seen, you can have interest rates at 0% or near there, and people who don't have jobs as well as those afraid of losing their jobs won't spend shit. WHY DO THEY MAKE THIS OVERLY COMPLICATED!!!!!!!!! MOTHERF**KERS!!!
You really think we would be better off if our top people told everyone that we are fucked? You honestly think mass panicking, a complete meltdown of civilization overnight, is actually better??
The problem is that all the spend and tax plans are flying around Congress like we just inherited $100 Trillion from Uncle Buck. Business is delaying any expansion ideas until they know what new taxes they may have to pay. A new 5.4% healthcare tax on small business is huge! A Cap & Tax bill will make another huge negative impact on business. All the uncertainty and anti-business plans are going to wreck havoc on any potential recovery. Obama is right about one thing. Any substantial recovery is years away. The Democrats are making sure of that.