Tuesday, September 1, 2009

Prosperity Hoax

Instead of more prosperity we have more poverty. For example, in sunny Florida there are black clouds near our horizon. OK case in point, unemployment in Florida soars from 6.3% last year to 10.7% today. The twin engines of economic recovery construction and tourism have stalled out. OK across our nation on the other coast, California is also dealing with double digit unemployment and a crash in real estate. The rising number of foreclosures means house prices are still falling as banks dump even more homes on an already saturated market.

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