USA is in recession | PERIOD

To many times this year I said the economy is in CONTRACTION.

On March 27 I published one post with the following name: It looks like the Titanic's History! The Economy

Everywhere outside the inner circles of Washington are talking about the economy is in recession, economists around the country are talking with data in hand and statistical methods and models, sustaining the economy is in recession.

But only the lurid government of George W Bush and his political puppets of both parties won’t to acknowledge this irrefutable reality.

One main principle in economy is the fact first and foremost recognize the crisis in the exactly magnitude where is it, with this data you can structure a plan capable to reverse this economics behaviors, otherwise any false analyze could worsened the crisis.

At this point here is is the majuscule irresponsibility of the government and the political statement of both parties, when they do not want to recognize the economy is in recession. As few weeks ago Germany did.

Now the National Bureau of Economic Research is recognizing the economy is in recession.
Yes the economy is in recession heading very fast to the worst depression ever, as a consequences of this stupid behaviors of not admit the reality and try to hidden the true of the crisis.

Nothing could be very worst than the lack of admit the realities in economic terms.
These entire politicians in charge are sinking this country in to the most catastrophic economic downturn; they are playing and buying time instead made structural correction to the economy.

They irresponsible bailout and send billion of inorganic and unproductive money to the markets.

All are accomplices of this charade of print inorganic money and send it to the market in the most regretfully method of bailing out institutions who are per se out of business.

Here is now the new reality, banks are failing, big manufactures are failing, small businesses are failing, the construction industry is failing long time ago,
Means two of the biggest employers of this country are failing (Construction & Smalls business).

Yes, if you think the automakers or the business associates with the markets are the biggest employers you are dead wrong and this is exactly this politician of the status want to sell in order to continue putting inorganic money at the expense of the taxpayer.

These actions now are compromising at list the next two generation of Americans and they are going to pay huge for this government irresponsibility.

No one can assume this crisis is going to be resolved by any means in the next ten or fifteen years if “only if” the next administration took the necessary structural steps of corrections.

In terms of UNDO this economic crisis: “the fail of one year represent 10 years of setting back”

With this equation, President Elect Barack Obama has to deal. He has no choice! And there are not excuses about the world are in crisis or so on.
Yes, the world is in crisis, and this crisis is the failure of this ECONOMIC MODEL.
The new realignment if underway, now depend of each government how to handle the situation to prevail or to fail.

Percy H Florez