The Cash Advance Pundit!

Nearly everybody felt some sort of economic impact from the recent recession that hit our country and left millions in financial trouble. Around April of this year, economists and analysis’s began reporting that they believed that we were “out of the thick” of the recession and heading up a slow and steady slope to recovery.

Today, some analysis’s are still feeling settled about America’s turn around from the recession and are hopeful that America will continue making an economic come-back.

However, there are many who are still concerned and believe that perhaps it was only a temporary come-back and that Americans could be heading back down hill once again in the near future. One such person is our former Secretary of Labor, Elaine Chao, who in a Fox News Report stated that she believes that President Obama should be very concerned about the rate of job creation which in her opinion will directly affect whether or not we will hit a second recession.

According to Chao, President Obama and many in his footsteps need to stop measuring America’s economic recovery on government jobs because these jobs are only temporary. She believes that instead, there needs to be a greater focus on “private sector employment” which would lead to more long term turn around.

Chao fears that unless America turns their focus toward steadily creating more private sector employment every month to keep up with the growing population, that we will be faced with a “double-dip recession”. According to Chao, consumers are not spending because hourly-work weeks are being cut back along with hourly pay being cut back as well. Many are finding themselves in temporary financial trouble that could potentially lead to long term financial trouble, or another recession, if changes are not made.

Since it is still unclear at this point exactly where America is headed economically,it would be a good idea to brace ourselves for anything,and to prepare ourselves for the possibility of another recession.