The interesting thing about these profit declines is:
THEY ARE HUGE.
A 30% DECLINE HAS BEEN COMMON IN THIS REPORTING SEASON...SO THERE ARE PROBLEMS OUT THERE THAT ARE NOT BEING RECOGNIZED IN THE "HAPPY TALK" MEDIA STORIES...
MOST PEOPLE WHO ACTUALLY LIVE IN THE REAL ECONOMY KNOW ABOUT THIS...SADDLY, IT HAS NOT PENETRATED THE EXECUTIVE SUITES YET...
ANOTHER THING IS THE AMERICAN VOTERS DO NOT BELIEVE THAT THIS IS A "GOOD ECONOMY" BECAUSE IT'S ALL ABOUT BIG CORPORATIONS HAVING IT THEIR WAY IN WASHINGTON...
THE MEDIA HAVE BEEN PLAYING UP THE IRAQ WAR AS THE REASON FOR ALL OF THE GRASSROOTS DISCONTENT... BUT THAT'S NOT IT...
IT'S THE ECONOMY, MEHLMAN!
