Shall we not compare this economy to that of the first Great Depression during the FDR administration? We now have the biggest tax revenue drop since 1932? So much for those who told us that the stimulus debt would be paid off with rising future taxes. That may still happen, but it is looking mighty bleak. The federal deficit as of last month was $1.8 trillion dollars. The national debt is already over $11 trillion dollars.

        Maybe you remember the hamburger ad with the old lady asking “Where’s the beef?” We should be asking where the jobs are. The unemployment rate is pushing against the 10% ceiling. The actual unemployed are much higher, because the official figures only takes into account those who are collecting. It does not include those who lost fulltime jobs and are now working one or two part-time jobs. The official figure does not include those who are no longer collection unemployment, but are still unemployed, and it doesn’t include the illegal aliens who can’t find work and who may return to their native country. Perhaps this is all a diabolical plan by the Republicans to solve the illegal alien problem in America.

        Treasury Secretary Geithner got an “F” from economist Phil Izzo of the Wall Street Journal. Izzo went on to report that “the economists surveyed this month predict that the economy will shed another 2.8 million jobs over the next 12 months.”

        Manufacturing which traditionally has provided high-paying jobs has been squeezed between the EPA and the IRS. Pennsylvania has lost 40,000 jobs and 975 manufacturers in the past 12 months. Connecticut has lost 11,293 industrial jobs and 213 manufacturers between May 2008 and May 2009. Detroit the roaring success of the 1920’s is now a town that has separated itself from white America, or as some refer to it - “while flight”. Let us not forget that Detroit was the scene of the worst race riots in the country.

        So far, the Phoenix metropolitan area has lost 135,000 jobs since this time last year. Detroit is the only major city with a higher rate of job loss. 7.8% of the working population of Detroit lost there jobs in the past year. They are not playing the William Tell Overture yet for Government Motors, even though the President rode into that city on a white horse with 39 czars, and not one Indian among them.

        One does not have to rely upon FOX News for all the bad news on the economy, just listen to what the President said yesterday “"I suspect that the GDP numbers will still show that the economy contracted in the second quarter (and) that job loss is still a huge problem,".