Greek Vice President says that the Greek people are at their limit, no pension cuts. The European debt problem could destroy the Euro zone. More corporations layoff employees. The tech bubble is popping as more companies layoff. Pending homes sales decline, signalling the real estate bubble has popped. Chicago PMI collapses and the Dallas Fed reports that the economy is in freefall and we are already in a recession. Obama is continually pushing the idea that the economy has recovered, he wants everyone to believe him.