No Recession Here.

In spite of what the statistics say, we're still in a recession. Now, bankers and Wall Street would beg to differ. They're doing quite well, thank you very much. And well they should be. They're all making gigantic bonuses again, they're hoarding tons of money (in the case of bankers) that they got for nothing or next to nothing and Wall Street is back into junk bonds which is sort of what got us all into trouble in the first place. And although there's danger in junk bonds, for that very reason, there's huge profits to be made. Then there's all that money the banks are holding. Now a banks job is to loan money. It's how they're supposed to earn money. No loans, no interest, no income, right? Apparently, although that used top be true, it's not true any more. I'm not sure I understand how keeping money under the mattress or in the vault makes profits. I think it doesn't. I think they're loaning it to people who are making huge bets in junk bonds and the like. That's sort of what happened before. Bankers aren't dumb when it comes to smelling a buck or two. And they're pretty sure that if they get into trouble again, Uncle Sam will bail them out again. What they're not thinking about is that Uncle Sam 'ain't got no' money left to use to bail them out again. Might just serve em right if it weren't that we'll all suffer if it happens again. So what are our politicians talking about this campaign season? It ain't about the problems we're facing. Only a little lip service.