Friday, February 04, 2005

You call THAT a recovery???

The number are out and the amount of jobs added in January was a mere 146,000. Well below the number estimated by experts. The news continues with the jobless rate slipping to 5.2%. That rate is down .2% but the recovery seems to be dragging on at a rather slow pace.

I still cannot fathom how so many people see any sort of a recovery. With the extremely high energy prices (gas at $1.90-$2.00/gallon and electricity and natural gas even more inflated), how can anyone expect a fast-paced recovery. To sustain even the meager growth we have achieved in the past 2-3 years, we must work towards energy independence and distance ourselves from the volatile foreign situations which produce outlandish price increases and production numbers controlled by a consortium of foreign big-wigs.

No comments: