"I’m growing weary of the recovery storyline. I don’t know about you, but I live in the real world. I live in an upper middle class neighborhood. I find out every week about neighbors losing their jobs. I’m sure there are others that I don’t know about. Over the holidays you hear stories of relatives struggling to get by. It seems like a friend or relative gets laid off every other week. Are these the stories you would hear if the economy was truly recovering? Would the number of people in the country on food stamps go up by 500,000 per month if the economy was really improving?
Sometimes you just have to use your common sense. Wages are stagnant, the savings rate is falling, consumer credit usage is soaring and employment growth sucks. Is this really a recipe for recovery?"
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