We are told that the American economy escaped from its recession in late 2009, at least as measured by seven straight quarters of economic growth since that time. Whatever these numbers seem to indicate, they clearly do not reveal the whole picture and its grim reality.
In early June, CNBC cited a top money expert as saying U.S. economic data was “falling off a cliff.” The brutal truth is that regular Americans are hurting and they see no end in sight to their misery.
Meanwhile, our out-of-touch leaders in Washington and the aloof bankers of the Federal Reserve (which controls the nation’s monetary policy by decree) have no clear plan to fully rescue the beleaguered economy.
Read the full article here.
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