A friend of mine lost her job an an insurance corporation. Nothing newsworthy about that except she was with the company 29 years. Her company has decided to do like so many others - layoff those with many years of experience while keeping a few of the best people. Those still with the company will be training recent hires right out of college. It saves a ton of money to get rid of highly paid people and replace them with low pay recent grads. Once those recent grads are trained those few highly paid people with years of experienced will be dumped. Nothing personal, its just business.

This scenario is being played out all over America. It's not new and has been a prat ice of most companies in times of recession.

We are in a lull. The DOW is over 8500 but if you will notice the price of fuel is on a steady increase. Unemployment numbers continue to rise. The banks are still struggling. Credit is still tight and the automobile business is in the toilet.

Is the recession over? The Obama administration is saying the worst is over. Now ask yourself, "Has the government ever been truthful about the economy?" We are looking at a 3.5 trillion dollar budget that will have to be borrowed money. Who is going to loan the US government that much money? The economist say the US must borrow 1.2 billion dollars a month just to stay afloat. Is the recession over? Don't bet on it.

Inflation is already making its presence known. Those higher prices are to maintain profit-margins against money the companies borrow every week at rising interest rates. When I worked for a large textile company as payroll supervisor we borrow two million every week on short-term loans just to cover payroll. All companies of any size do this. To offset rising interest on those short loans they must raise prices.

One of the largest employers in every state are the schools. If you notice they are releasing all extra personnel, increasing class sizes and pushing older teachers into retirement. The federal government and the state government fund most of the schools. Education is taking a huge hit. Is the recession over? Ask the teachers.

The dollar will began a free fall in value in the second half of this year. The treasury will continue to print money even though there are not gold reserves or silver reserves to cover the face value. Those monthly loans (even if there is someone to loan the money) the federal government is counting on will come with higher interest - some speculate as high as 20%. The dollar will have to be de-valued! Inflation will result and more jobs lost. More recession will follow.

The United States has the second highest corporate tax in the world at 35%. The Obama administration is going after all those companies that use tax loopholes to avoid taxes. When those loopholes are closed and the tax remains so high those same companies will move their corporate headquarters and re-charter in another country. Job losses will follow. Look at it this way, if you own a business and are paying 35% tax and could re-locate to a country with a tax rate of just 3%, would you move?

The recession will not end - not now; not ever. As long as the government of the United States continues to borrow huge sums, fund huge social programs, fund a huge military, have an ever increasing bureaucracy, and tax corporations at rates well above other countries there will be no economic relief.

The stimulus money that was to create jobs as roads were built, roads repaired and bridges built is being projected to create jobs two years from now. There is little help today for the unemployed. Without jobs there can be no recovery. The stimulus money is being wasted on non-job producing projects. The AP press released a report today on 5,500 stimulus projects and none will create jobs in hte hardest hit unemployed areas.

Button your seat belts because the ride is going to be a nosedive into deep depression.