Depression?

[EA]

Stocks pushed higher on Friday on hopes for a new plan to stabilize the banking system and the expectation that an economic stimulus plan will win congressional approval.

The market's performance came despite the biggest drop in payrolls in 34 years and was led by gains in financial, technology, telecom and metals stocks.

The government said the economy shed some 598,000 jobs in January, far more than expected. That national unemployment rate hit 7.6%, up from 7.2% in December and the highest rate in 16 years.

Yep, things are just peachy.

We are now in our fifth quarter of steep recession. Congress is working on a complete economic bailout after they already bailed out the banking industry and the auto industry.

Yep, juuuuuuussssttt peachy.

Get real, people.

Next up? Runaway inflation is coming to a shopping center near you say......oh.......somwhere toward the end of '09 beginning of '10.