In the Nov. 13 edition, Page C1, the banner states, “Expert: Recession is over.” The next natural inclination is to announce the Depression has begun.
The bank CEO states that the common man of the nation must increase his savings rate and decrease his debt. This person perhaps does not read the local paper or even listen to the news. It seems every day another taxing body has decided it needs more money and so raises its rates.
The locals who determine the property assessments have decided to forego the need to raise the rate — they’ll just increase the assessed value, even when the majority of Realtors state the real values of property are falling.
So, how the blazes does an educated — I shall assume — person rationalize his statements with the reality of the situation?
It seems this is also the mantra of the demigods in the various elected and selected positions — both parties. The majority of the so-called leaders at the upper levels of local, state and federal government have no real means of finding their bottoms with both hands. It seems the money flows from hand to hand. It seems what is really being said is “Stay in power and rape the nation.”
Hugh Evans, Stanford