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.

How About Some Good Financial News For a Change

For those of you who are waiting for an automaker to bring to market affordable, fuel-efficient vehicles in America rather than just in Europe, here is some good news.

Ford Motors has announced that it is bringing 6 fuel-efficient European models to the States.

For years American automakers have built, marketed, and sold vehicles in Europe that are made specifically for those countries where gasoline is at least twice as expensive as here.

Now that the American market is demanding the same break, Ford will be bringing some of its best-selling gas-savers to the U.S., including the Ford Fiesta (a new update on an old concept), and the European Focus, among others.

For the complete story, click on the Ford link above.