When you are in a hole stop digging

Russ Steele

According to the New York Times,  a resent study has shown that after the recession officially ended American’s house hold income continued to decline.

Between June 2009, when the recession officially ended, and June 2011, inflation-adjusted median household income fell 6.7 percent, to $49,909, according to a study by two former Census Bureau officials. During the recession — from December 2007 to June 2009 — household income fell 3.2 percent.

The finding helps explain why Americans’ attitudes toward the economy, the country’s direction and its political leaders have continued to sour even as the economy has been growing. Unhappiness and anger have come to dominate the political scene, including the early stages of the 2012 presidential campaign.

 While the nation’s wealth is declining in California our useful idiots in Sacramento just keep digging the recession hole deeper and deeper, creating a depression in a State that led the recovery of every past recession. The lame stream press will not cover the job killing stories in California. Thanks to a new survey from the American Express OPEN Small Business Monitor, we’re learning how rough it is for California business.

“According to the survey report, over a quarter (27%) of the 814 small business owners interviewed describe their firms as “sinking ships.” While 55% say they have plans to expand in the coming year, this is down from 85% just six months ago. About half (51%) cite problems with cash flow; 38% offer health care benefits to their employees, down from 46% last year, and just 28% pay themselves an annual salary. Some 56% say the economy is still in a recession, while 68% see the risk of a double dip. Just 22% plan to hire in the next six months; the biggest barrier to hiring, according to respondents, is lack of consumer demand.”

When there are no jobs, there is no income, and no consumer demand. The California Legislature and Governor are doing every thing they can do to kill jobs in California by continuing to implement AB-32 and other business friction green legislation.  They just keep digging California’s economic hole deeper and deeper.


About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

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