Banks Still Failing, So Where's the Sign of Recovery?

As the Obama administration continues to assure the public that we are now seeing signs of recovery in the economy, the facts say otherwise.

Other than the rebounding stock market, banks are still failing in near-record numbers. Just yesterday, 6 banks were shut down by the Feds in the state of Georgia alone.

In addition, the economy continues to lose jobs to the tune of 400,000-500,000 per month, the housing industry is still in the toilet, and Obama's fascist experiment with 'Government Motors' is failing badly.

GM lost over 20% of its sales last month, while Ford, and only major U.S. carmaker not to take stimulus money, showed its first profit in over a year.

And don't get too comfortable yet, my friends. There is another trainwreck on the way as commercial mortgages begin to fail in the coming months.