So the news starting to trickle in today is the credit crises (so called) may not be quite as bad as the government has been telling us all along and I’m starting to believe that the economy is not as bad as the media and government is leading us to believe.

Sure we have problems… some of them are big. But we’ve been through recessions before an NEVER did we need trillions of dollars for bail outs.

Unemployment is at 7.2% at the moment. They say it could go as high as 10% later this year. It’s been at 10% twice in the last 60 years and has never been lower than 3% in the last 60 years.

The average over the last 60 years hovers around 5 to 6%. That means 98% of workers today are still employed. We also know there will always be a certain % that is unemployed. As I stated, it’s never been lower than 3%.

The artificial bubble has burst in more areas than one. Now the economy is vetting and it needs to stabilize on its own without Washington creating another artificial bubble and putting or kids in debt to the tune of multi-trillions of dollars.

Freddie and Fannie were the ones that started most of this housing mess (that would be the government) and now we’re being told by the government they are the only way we will get out of this mess. I smell a huge rat.

Are we in a recession? Sure we are. Have we been there before? Sure we have. Have we recovered every time? Yes indeed.

I say no to the second 350 billion and even a bigger no to the next 1 trillion.

Our biggest problem is that consumers and employers have completely lost confidence. They haven’t lost confidence in America or themselves; they’ve lost confidence in our government and are scared to death what they are going to do next. That translates into stagnation which translates into a deeper recession. Everyone is holding back and rightly so.

The government is failing us miserably and we should not trust them with another dollar until they put themselves in check.

My question is who in government is going to step up and stop this madness? Is there not one left in Washington that has the brass to speak out, get angry and tell us the truth?

Another interesting read is the Declaration of Independence.