Today's Irrational Exuberance!

The stock market is up recently--not where it has been, but up.
Unemployment isn't up as much as it was last month (in terms of jobs lost) yet it continues to lose smaller numbers than the previous month.

So, although the debt continues to pile up and the total number of unemployed continues to pile up, and many people have lost much of their 401-ks forever, there are those who are talking up all this as the bottom of the recession.

More of the false positivity we have been propagandized to express when things are bad and getting worse.

Such tactics prove nothing and solve nothing.

There are millions of houses and retail yet to go bankrupt.
There are millions of employees yet to lose their jobs.
I wouldn't bet a nickel on the stock market.

All this, in my opinion, is simply to have an excuse to not do what really needs to be done.

There are many options that would solve our problems much sooner and less expensive in the long run, but we aren't taking them because too many of us do not want to do anything about it.

It has to do with higher taxes for some; jobs for some that we think do not deserve them; and bargaining while passing bills in congress for the benefit of one's own vote getting rather than resolving the serious economy problems now.

Of course if nothing had been done from the git-go (about 2006) until now, we would be in a depression, but maybe on our way out. Lots more assets would have been lost and lots more jobs--the market would have tanked.

There is no courage anyway to make those decisions due to wanted re-election.

We must do away with second terms.
Sheriffs' and all.