Image via WikipediaThere's an article about the bankruptcy of the Crystal Cathedral. Setting aside the issue of megachurches, the part that caught my attention was this statement: "The church saw revenue drop roughly 30 percent in 2009".
Businesses are hurting. Churches are hurting. And federal governments are spending like a drunken sailor. I suspect church giving may be a pretty good barometer of the health of an economy. I wonder if the revenues in the lives of these givers is down 30%, or if this is more of a pessimism measure -- hoarding more, giving less?
Point being, with government expenditures artificially buoying up the economy, nobody knows how bad it really is "out there". Without this stimulus, where would we actually be? And let's not forget, when the party's over, someone has to pay the bill.
All the while, the stock market is going up, up, up.
Seems an irrational disconnect to me.