Top Ten Signs the US Economy is in Trouble

Here are my top signs the US economy remains in trouble. These are in no particular order, just the way I wrote them.

1. White House economist Christina Romer noted the stimulus provided a jolt, but the unemployment and slowed growth is likely to return. Not a surprise and second fall, like coming down from a Mt. Dew high is likely to be worse than the original fall.

2. Unemployment continues to go up. Numbers for September showed 531,000 more people are receiving unemployment benefits. Not good, but even worse are states such as Michigan were unemployment is at 15%.

3. The State of California is as close to complete collapse as a state economy can get. Riddled by sky rocketing unemployment in the farming sector, caused by government regulation, and out of control spending, California is a disaster. Add it to Michigan and it is hard to imagine a recovering economy with two major states in economic disarray.

Big Brother Slashing Pay

The Federal government is coming and those companies which took TARP money will be paying the price. Word is out that the Feds plan on slashing the pay of top executives by nearly 90%.

On the surface this seems great, taxpayer money, so why should those who screwed things up reap the benefits. Beyond the surface, it is the growth of the Federal government and proverbial "Jeannie out of the bottle syndrome". Once they have done this for one company there is nothing stopping them from expanding into other areas. Don't fool yourself on this one, once the public factor is used all companies are open game and it will be under the veil of protecting the consumer/taxpayer. One more nail in the coffin of capitalism.

READ THE STORY