Recession is FAR From Over!!! Let Me Be Absolutely CLEAR President Obama's Stimulus Bill Has NOTHING To Do With This Temporary Economic Recovery!

The recession is far from over. Let me explain why in very simple terms. The stock market is doing great thanks to the profits the corporations have been reporting. However, the reason why these corporations are able to report profits is largely due to laying off their employees. By getting rid of a chunck of their payroll expense, their profits get propped up. But if you look carefully to the profits these corporations are reporting, many are 50% less profitable than the same time last year.

Okay, now let's take a good look at the domino effect here for a moment. An average of 500,000 people have been laid off every quarter. Right now it is estimated that 6.7 MILLION people are unemployed. That happens to be a conservative number. This means that these people who are now collecting un-employment insurance are going to be consuming / spending less. Which in terms means the corporations are going to have their sales of goods and services reduced as well. This means less earnings for the corporations. Therefore, in order for these corporations to continue to report what appears to be a healthy profit, they are going to need to lay off even more employees. More people un-employed, less consumption, less sales/earnings more layoff's. Get it, got it, good.

The next economic tsunami down the road will be massive un-employment. What is going to happen to these people who are unable to find employment when their un-employment insurance benefits run out. That is the question?

Our government, with the help of the media, is doing the public a great dis-service reporting a rosy picture ahead. Our government ought to be taking measures to curb unemployment by incentivizing corporations to hire. How you ask? Our government can offer to reduce the taxes already imposed on corporations. The corporations look at their balance sheets right? Therefore, instead of subtracting from the payroll expense they can subtract from their federal tax expense. This should be our governments #1 PRIORITY. Our government appears to be ignoring this REAL issue, as if they don't want to face the harsh reality the rest of us have to face!

The Obama administration chose to SPEND $212 billion of taxpayer dollars to give TAX CUTS to 95% of working Americans. Just so each person can receive an $8 per week increase in their paychecks! How generous of you Mr. President. Did all of you know that we will have to pay taxes on this new money next year as additional income?!?! It is NOT FREE! It would have been CHEAPER had the Obama administration CUT OUR FEDERAL INDIVIDUAL INCOME TAX RATE by a few percentage points. This would have given our paychecks a boost and SPARED us the additional tax! The federal government would NOT have had to spend one dime. By the way, no one I have spoken to across the country has seen the extra money in their paychecks?!

Can you see how non-sensical government spending proves to be?! Instead of INCREASING our NATIONAL DEBT that is being IMPOSED on the taxpaying citizens, the U.S. economy could have easily been stimulated by cutting the individual and corpporate tax rate. The less tax paid means more income, enabling more consumption! An increase in personal income, means more sales of goods and services, which leads to more jobs! It is a NO-BRAINER to know when the majority of the population is EMPLOYED, the government receives greater tax revenue! The average American citizen gets this basic economic concept. Why doesn't this government!?