Monday, July 20, 2009

Leading Index Shows U.S. Economy Nearing Slump’s End (Update2)

This blogger is not convinced that the worse is behind us. I believe that by the first of the year you will see the bottom fall out. The Government has propped up the so called recovery. It has no foundation. We have mechanisms in place that should have been followed. Bush opened the door for the Obama Administration. The banks, Automakers, Insurance companies should have been allowed to go bankrupt and reorganize as it is set up. When a company fails to perform sound business practices the stockholders will take care of management. We have changed the game by injecting all this so called stimulus and bailout money and have allowed this government power grab. We have cut off our nose to spite our face.

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