KINGSTON, NY, 27, February 2009 -- The wealth of plain, hard facts upon which The Trends Research Institute's forecasts are based belie the lofty promises made by President Obama's first address to Congress.
"We will rebuild, we will recover, and the United States of America will emerge stronger than before," said President Obama.
Said Celente, "The government has yet to fix the levees in New Orleans. There is still a hole in the ground where the World Trade Center once stood. Washington has started two wars it can't win and doesn't know how to finish. The massive bank, brokerage, auto and insurance company bailouts have done nothing to resuscitate the sinking economy. The Troubled Assets Relief Program (TARP) that candidate Obama championed has not "relieved." President Obama's $787 billion American Recovery and Reinvestment Act will not lead to recovery and the nation will not 'emerge stronger than before,'" Celente continued.
Distinguished Men and Women
With only a succession of past Executive and Congressional failures to point to, and with the same people responsible for those failures still holding high office, the belief that this time around it will be miraculously different is nothing less than willful delusion.
(See Trends in the News® "Gold $2000," 7 November 2007.)
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