On the state of health of economy...

It's start of the 2008. A new year, but not necessarily a new start, giving what's throwing in from 2007, which is crapping.

One thing which still irks me is that, economists (and obviously the Bush administration) would tell us one thing, and we know what's exactly the opposite in reality, when it comes to economy. What they see is that, companies are making money, boat loads of it; so, the economy should be great, right? That might be one way to look at it, and if the economists are only looking at THIS particular way of interpretation, then yes, the economy really is going good.

But, we the real people look at the state of health of the economy in other perspective that economists would like to overlook. We look at costs of living for essential goods, education and health care. We look at how easy to get good jobs (not just ANY jobs), but decent jobs that can afford reasonably standard of living. I don't want to trade a $120000-annual-salary job for a $50000 job, giving that the company is making a killing, cutting costs by offshoring to India or China. Of course, companies are making big profits doing that. Meantime, we the people would still need to live and eat. But economists would not care about those. And Bush/Cheney would rather not respond to that, since we don't vote for GOP anyways.

Thus, it comes as no surprised at what the Californians think, at how pessimistic they are in the economy of 2008. I'm not that optimistic either. In fact, if I were to choose it, I'll avoid investment in US, if I could help it at all. The rest of the developing world is firing up, while US is doing down the dump with the falling USD. It'll probably be that way for the next 2 years. I'm not hopeful at all.