Economic Recovery? What Recovery?

Reporting it doesn’t make it so. In fact, it’s more illusion than fact, but that doesn’t surprise half of US households impoverished or bordering on it, according to recent US Census data.

Reporting it doesn’t make it so. In fact, it’s more illusion than fact, but that doesn’t surprise half of US households impoverished or bordering on it, according to recent US Census data.

Economic analyst Harry Dent’s 2009 book, titled “The Great Depression Ahead” became a national bestseller. He predicted the current crisis and worse ahead.

In 1962, Michael Harrington’s “The Other America” exposed the nation’s dark side, saying:
“In morality and in justice, every citizen should be committed to abolishing the other America, for it is intolerable that the richest nation in human history should allow such needless suffering.”

On Friday, S & P cut credit ratings for nine EU countries, including France, Italy, Spain, Austria, Portugal, Malta, Slovenia, Slovakia and Cyprus. It was old news but not good.

At a time of open-checkbook military spending, multiple imperial wars, Wall Street bailouts, handouts to other corporate favorites, transferring unprecedented wealth to America’s rich, and preserving their tax cuts and other benefits for more, austerity is impoverishing millions, destroying their futures, and wrecking America’s Postal Service (USPS).

Founded in 1882, the Bank of Cattaraugus (B of C) exception proves the rule. Located in Western New York, it’s miles from Wall Street’s cesspool of fraud, market manipulation, grand theft, bailouts, and influence peddling in league with corrupt politicians getting generous campaign contribution bribes in return.

Perhaps the most ironic aspect of “reality TV” is that the majority of these shows are scripted.

Corporate greed and profits over people priorities launched nationwide OWS protests in hundreds of US cities for change.

“The entire financial system is collapsing. Look what’s going on in China. All of the empty buildings. Look at the home sales and real estate market. They’re in steep decline now.”

Europe’s underpinnings can only hold so long. Years of entrapment under euro straightjacket rules means eventual dissolution and collapse.
![EoP-Globe[1] EoP-Globe[1]](http://www.veteranstoday.com/wp-content/uploads/2011/12/EoP-Globe1-90x65.jpg)
Economists are slowly getting up to speed on their downward revisions for both global and U.S. economic growth for 2011 and 2012. While U.S. corporate earniings remain strong, they will continue to soften in 2012 due to the recessions in Europe and Japan.

Like earlier summits, they met. They talked. They agreed to talk more and solved nothing. Once again Europe laid an egg.

Romney puts US Top Trading Partners in the NOT IMPORTANT file in favor of Israel hurting the prospects for bringing jobs into the USA.

ABC News quoted an unnamed White House spokesperson, saying the November jobs report provides “further evidence that the economy is continuing to heal.”

Europe and America perhaps face their gravest ever economic crisis. Growing millions are impoverished, unemployed, and out of luck.

On November 30, the Fed, ECB, Bank of England, Bank of Japan, Bank of Canada and Swiss National Bank acted together to cut the rate on dollar liquidity swap arrangements by 50 basis points. Markets surged. Irrationally trumped reason.

Moody’s says Eurozone crisis conditions place all member state credit ratings at risk.

The next step in the Occupy Wall Street movement, after establishing its presence and credibility, is to fully expose the enemy, the global financial elite, as well as their ongoing global financial demolition plans which will eventually lead to a New World Order ~ unless the people reclaim their power as they did in Iceland.

The operative word is contagion. It’s malignant and spreading because it’s unresolved and irresponsibly addressed.

Wall Street’s business model is grand theft. Jon Corzine was MF Global’s CEO. Earlier he headed Goldman Sachs, America’s premiere racketeering organization.

Eurozone economies are cratering. Every fix tried so far failed. Combining 17 dissimilar countries under one monetary/fiscal system assured disaster waiting to happen.

Early reporting was scant, dismissive, and offensive. Much still belittles, denigrates and marginalizes a significant movement.

From inception, Eurozone planning was flawed. Uniting 17 dissimilar countries under rigid rules failed. Membership required surrendering monetary and fiscal authority to a central power.

SDVOB’s are struggling to gain traction with Procurement officers is one of the most common statements that owners of SDVOB’s share with me.

President Barack Obama announced new executive action to help veterans on Monday, marking the latest step in a White House “can’t wait” campaign designed to show him acting on jobs while Congress stalls.

The Department of Labor (DOL) has a “Homeless Veterans Reintegration Project” that is operated out of the office of the Assistant Secretary of Veterans Employment and Training.

They met. They talked. They agreed to talk more and solved nothing. A November 4 Guardian editorial headlined, “G20 summit: slumping to the occasion,” saying: “Yes they Cannes? Sadly, in the end, no they couldn’t.” It’s well known these summits are more talk than substance.

This is an incredible story of “David versus Goliath” . I know a disabled American Veteran named Bill Wheeler, a service connected disabled Veteran of the Air Force and I think, with Veterans Day right around the corner, an example of an “Against all Odds” inspirational story is prudent.

And this is just what the Occupy Wall Street movement is saying to the financially elite and corporate America as it spreads like wildfire ~ I’M MAD AS HELL, AND I’M NOT GOING TO TAKE THIS ANYMORE!!