Look Out! Here Comes The Double Dip Recession!
The American public wasn't told that Yes We Can meant Yes We Can Your Jobs: The Audacity Of Hope has turned out to be the Apathy Of Dopes.
Here comes the double dip! No, not a luscious double helping of delectable ice cream on a scrumptious waffle cone... something a lot nastier than that. The global economy is heading for a double dip in the recession graph category, and this one is going to be much more vicious and long lasting than the last one.
Indeed, there is ample reason to believe that this will be a VL recession. What's a VL recession? Follow the roller coaster of the letters. First you drop down the V to the bottom, then you rise up the other side, then you slide down the L and you flatline at the bottom.
Why such Chicken Little doomsaying? Simple. All hell is about to break loose around the world and there is nothing that can stop it:
The Audacity Of Hope has turned out to be the Apathy Of Dopes. The American public wasn't told that Yes We Can meant Yes We Can Your Jobs. Unemployment is just refusing to go down. Either this was the first recovery in history where unemployment kept going up, or we were sold a bill of goods on the fact that there was a recovery at all. As I write this, the Dow is just a few ticks away from falling below the four digit mark, this time for good.
The stimulus is spent, or wasted, depending on your economic viewpoint. Each and every taxpayer in the USA is now indebted to the tune of $100,000. Now what? If you think that there are a few more trillions of dollars to keep throwing in the maw of an economy perennially on life support, you're dead wrong.
Greece is about to implode. So who cares about Greece? It's an Eurozone country and the crack that Greece is causing could bury the Euro. Given that the economy of nearly the entire European continent is tied into a common currency, the return to conflicting national currencies presents a Beyond Here Lie Dragons scenario. No one knows if it's even possible.
The situation with China is spiraling out of control. Google pulling out of China to protest government hacking was just the beginning. The UK government has warned all its citizens attending trade fairs with Chinese exhibitors to not accept any free novelty USB keys or micro cameras from them. It turns out that once you plug them in, they secretly call home to Beijing and dump all the data on your hard drive onto government computers. Now that the USA is selling a whack of arms to Taiwan, this is going to create some serious tsunami waves. Don't forget that a huge chunk of the American deficit is owed to China. They can claim to own the USA.
See, old Uncle Hal kept telling you not to elect the Marxist Barack Hussein "Puttin' Out The Fire With Gasoline" Obama as President! You Americans should have elected Dandy Don Meredith. At least now you could tune into a press conference at the White House and hear him croon: "Turn out the lights, the party's over, it's true that all, good things must end..."
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