Dude, Where's My Recovery? - Part II
After committing our military to fight a (air only) war in Bosnia...no, uhm, Somalia....uh....Libya (sorry, I was looking through the Congressional minutes for the authorization to use force, but I can't seem to find it), President Obama went on a Job Creation Jaunt to South America, where he samba'd, kicked a few soccer balls and agreed to fund and purchase oil from Brazil's newly discovered off-shore oil fields (I could of swore he meant create domestic jobs, but I must have read that memo incorrectly). Except for a few snapshots in Rio with the landmark Christ the Redeemer statue, not sure why he didn't just take a trip to Miami & New Orleans.
After committing our military to fight a (air only) war in Bosnia...no, uhm, Somalia....uh....Libya (sorry, I was looking through the Congressional minutes for the authorization to use force, but I can't seem to find it), President Obama went on a Job Creation Jaunt to South America, where he samba'd, kicked a few soccer balls and agreed to fund and purchase oil from Brazil's newly discovered off-shore oil fields (I could of swore he meant create domestic jobs, but I must have read that memo incorrectly). Except for a few snapshots in Rio with the landmark Christ the Redeemer statue, not sure why he didn't just take a trip to Miami & New Orleans.
Here in North America, spring has begun. With the arrival of the warm air and sun, the new housing numbers came in. New home sales in February were the worst ever for a single month in the 48 years these numbers have been tracked. I remember hearing alot about Recovery Spring, then Recovery Summer last year as Washington tried to inspire a recovery, all to no avail. But I've heard nothing but crickets about a Recovery Spring this year. Seems no one in Washington wants to talk about the economy. So you may ask, "Dude, where's my recovery?"
While we are no longer in recession, the economy can't regain lost ground without going into overdrive. Simply resuming normal economic activity will not create jobs to replace those that were lost. President Obama has made the claim over and over that he acted to stop the fall, but stopping a falling economy is only half the battle.