Economic Report from the President - False Hope: Today the President gave a speech giving the citizens of the USA hope. It is false hope because it is groundless. It would be so refreshing if he would just tell the truth and tell American’s to get ready because things are going to get rough. The dollar is falling, gas prices are climbing, foreclosures are on the rise. So why do we see hope? Hope comes when we see a change in the right direction, but day after day we hear the opposite. He admits that we are going to face tough times but said "he was confident the economy would recover".

Give us hope by removing the gas tax or starting finding new sources of fuel. Give us hope by doing something to strengthen the dollar. Give us hope by encouraging stricter requirements for borrowers so they don’t lose it all a few years later. Those are positive, proactive actions that should have been done a long time ago. But instead we will be told that all is well and that this is just a bump in the economy. And millions will buy the lie and continue to rack up their credit cards.

I like the President on some of his social issues, but it is time that he just stand up and admit that our economic policies are plunging our country into a disaster. But we can hardly point the blame at American's who on average spend more than they make. That is exactly what our government does.