The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Friday, July 6, 2012

Speedy Recovery Massive Fail! Just 80,000 New Jobs!

Imagine you take your car to a mechanic, and he really screws it up. It's clunking, squealing and smoking, etc. So you take it to a different Mechanic and he says he can fix it in a week. You get your car back in a week and it's not clunking or squealing, but it's still smoking. Only some of the problems are fixed. The mechanic says, "Sorry, the other guy screwed it up so bad we couldn't fix it in a week. Just bring it back and give me a little more time."

What would you do? I would probably find a new mechanic! Well, that car is the economy and the mechanic is Obama. This is an excellent analogy presented by Rick Santelli from CNBC (video above).

Did you know government spending is counted in GDP? Did you know that when they give money to corporations and public institutions it trickles down into the economy and shows up as apparent growth? What happens when the government stops spending money? Let's face it. This is not a recovery. This is government spending their way into oblivion. 

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