Recess and lunch – those are the two sweet words of my youth. The kid in me still looks forward to both. The adult in me looks forward to some relief from this recession that everyone on Wall Street is saying is over while everyone on My Street is still feeling. From gas to groceries to job searches that have been going on for months to no avail, the recession is still here. But it needs to take a recess so that we can buy lunch.
Executives with America’s largest companies are getting bonuses while bank profits continue to soar, as indicated by the first three months of this year. So why isn’t that effect trickling into our economy? If companies are seeing growth and profits, why is unemployment stuck at the national rate of 9 percent? And why are home prices continuing to fall and economists are saying that the bottom hasn’t been hit yet?
I don’t have the answers. I know that at this point, it doesn’t matter who is in power when the real political party and power seems to be Big Business. Three years ago, our tax dollars were thrown at the banks and the automotive industry that they might not fail. Mission accomplished, I suppose. But then why are we failing?