You know the economy is really bad when ....

One of the most unimaginable thing happened two nights ago. I was doing my laundry and my clothes went missing from the dryer. The dryer at my apartment normally takes about 40 minutes to dry. Approximately 50 minutes after transfering my laundry to the dryer, i came down to check on the status of my clothing but was shocked to discover that my clothes were scattered on the top the dryer machine. The clothes weren't dryed and some of my clothes were gone including some of my CK underpants! Why would someone ever want to steal clothes from college kids especially SJSU college kids? The first thing that came to my mind was all the various garage sales that occur biweekly near my apartment. I've seen them selling clothes and i've always wonder how did they restock the clothes. Maybe i should check out the next sale to see if that conundrum is solved. 

This economy crisis is no doubt going to be worse than the great depression. Reputable economists had said that the best thing that could happen if the economy begins recovering at the end of 2010. Ford, GM, Toyota and many other manufacturing industries that are related to the auto industry have agreed that there will be no profits till the end of 2010. Warren Buffet has even said that the economy 'has fallen off the cliff' and the worst predictions that could happen are happening. Goldman Sachs and Dr. 'Doom' Roubini had said that our banking system would need > 3 trillion dollars. This is also the first economy crisis that cause the manufacturing industry from all over the globe to decline. All these and many more, yet our government is still not facing the truth and attempt to come out with solutions. So far the government is hoping that by dumping cash into the blackhole, the economy would recover miraculously when the time comes.  This is evident in the planning of the budgets. Just as Congress passed our 1st stimulus package, economic data had shown that the deterioration of the economy had made the objective of the stimulus moot. The idea of another stimulus is already being flooded to the public as test inputs. Even in California where the legislature took almost eternity to pass a budget to solve future state problems, the intend of the budget has become moot as the economy deteriorates beyond their negotiating expectations. With cuts in education, public transportation,and healthcare while raising sales tax by 1% to solve the mess, the economy had worsened in a week of passage and we faced a deficit once more. 

It's an irony that politicians can talk about how bad the economy will be in the future but when the time comes to present a solution, they suddenly have a changed of mind that the worst is over and a new beginning has arrive only to discover that the worst had yet to come and they have to go back to solving the budget crisis. This is the reason why the people are not trusting the government and view the government as incompetant. With the Democrats in control and they are known to advocate more government involvement, further attempting to follow through this current strategy will definitely hurt their cause as the more distrust to the government the people are, the worse the perception of big government will be. Not everyday Congress can pass a huge stimulus. It is time for the government to face the problems and not fiddle around by hoping that time will solve their problems.