Financial experts say recession ends by year’s end
March 25, 2009
According to a Yahoo Finance article published a few days ago…
A group of financial wizards looked into their crystal ball Tuesday and saw some good news. The recession will ease by the end of this year and companies will begin adding workers, signaling the end of the worst economic downturn since the Great Depression.
Do these “financial experts” live on the same planet as you and I?
The good news is there’s an end in sight. The economy will pull out of the recession at the end of this year, marking a duration of 24 months, about twice as long as the average post-World War II recession, Faucher said.
In my not-so-humble opinion Faucher’s prediction is bovine scatological, but you decide for yourself. The way I see it we’re going to be even deeper in doo doo by year’s end. And the so-called “Economic Stimulus Plan” that Obama is cramming down our throats is going to cause long-lasting problems from which we may never recover.
Oh, I’m a doomsayer you say? You’re darn tootin’ I am. (I’ve always wanted to say that) I’m a realist and spending more money when you’re deep in debt is a recipe for financial disaster. We should be tightening our belt, reducing taxes and allowing the market some freedom to catch it’s breath and start to recover, but instead we’re compounding the problem by doing the exact opposite. Quite frankly…I’m scared.