Wednesday, March 4, 2009

Th World Is In A Depression.


The Right Honorable Gordon Brown, Prime Minister of the United Kingdom Great Britain and Northern Ireland, addressed the Congress of the United States this morning in Washington, D.C. and he called on the United States through its elected leaders, to work with Britain in restoring the World economy. A few things are prevalent that make the Primer Minister's remarks today quite thoughtful.
FIRST: Our economy is sliding into a depression, and so is the World, although no one will admit it.
SECOND: Our Economic Stimulus package will not begin to reap benefits until at least the next 6 months. We could be in for some tough times before the recovery starts.
THIRD: Until we outlaw off shore banks and shadow banking practices, we will always be held hostage to shady bankers!
President Barack Obama is on the right track having signed a new economic recovery package, but we must give him the benefit of working this package through. Republicans have become the party of nothing! The Party of "No".
They are heralding their own death as a viable political entity.
We are in a depression. Believe it.

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