Saturday, July 11, 2009

4.5% unemployment, 6% mortgage rates, and ridiculously low consumer prices - it's ALL bad, righ

Raise your hand if you think the economy is doing poorly



- or -



if you think we%26#039;re in a recession



- or -



if you find the subprime mortgage %26quot;crisis%26quot; to be worthy of worry



- or -



if you weren%26#039;t around to enjoy the real economic disaster that was the 1970s



- or -



the recession of 1981 - 1982.



It never ceases to amaze me that even in good times there are people who will tell you that, generally, times are in fact terrible. I don%26#039;t believe they even understand what terrible times look like - much less what they feel like. Note the operative word in the second preceding sentence: generally.



4.5% unemployment, 6% mortgage rates, and ridiculously low consumer prices - it%26#039;s ALL bad, right?





The economy is just fine!



The mortgage market is in correction and will work itself out.



People make up this recession crap just to bash the president. And what kills me, is they don%26#039;t research it, but still try to argue the point!



4.5% unemployment, 6% mortgage rates, and ridiculously low consumer prices - it%26#039;s ALL bad, right?

loan



Wrong. It isn%26#039;t all bad... it%26#039;s pretty dmned good.

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