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Don't Look Back: But Reality is Gaining on Us:

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Message Mike Folkerth

Good Morning Middle America, your King of Simple News is on the air.

U.S. NEWS: I just read an associated press article that was funnier (in a sick sort of way) than Comedy Central. It stated the findings of a recent AP – Ipsos poll that was directed at determining how to get the U.S. out of recession.

Here are the top four ways that our citizens believe could get us out of recession. Oh, the survey said 61% of those polled believe that we are in recession. That means that 39% of Americans are either in a coma, are running for a government office, or thought "recession" had something to do with global warming.

Back to our list of ways to end the recession:

1. Pull out of Iraq immediately.

2. Increase government spending for domestic programs.

3. Lower taxes.

4. Give rebates to poor people in hopes they'll spend us out of recession.

I'm not making any of this up. It appears that ignorance is terminal for the American people. I'm not sure how the end comes from terminal ignorance disease, but I bet it ain't pretty.

Keep in mind that I'm talking about right and wrong, I'm speaking to the economic impacts here, as we discuss the general thinking of those polled. Let's go down the list and consider each solution.

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
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