Discussion in 'Economy' started by AmericasBrave58, Jan 21, 2010.
New Jobless Claims Rise - The Page by Mark Halperin - TIME.com
Now days folks are afraid to go to bed at night, for fear of a nasty wake up call, telling them, that they will be in the soup lines, or living in a shelter, and losing the shirts off their backs.
There was nothing unexpected about it. I have been telling you guys for half a year now that the Obama numbers are totally bogus.
Who didn't expect them? dozens of new taxes took effect jan 1. I have been saying ever since i got back here that January would be a miserable month for unemployment.
I am sure new bankruptcy filing will jump a bunch too for January.
Yes, especially those 2 million jobs that have been created with the no- stimulus stimulus bill. Do you think that we are headed towards a double-dip recession? Alot of economists do.
That $787 billion stimulus bill really did the trick.
I recommend spending even more money that we don't have.
You realize if we just gave everyone a tax holiday for the year, it would have been cheaper.
All taxes, including FICA.
And I think it would have been more effective.
Yes, unemployment is still with us and becoming increasingly a problem week after week even for those who still have a job.
So how did our fearless leader deal with it? Incentive for small businesses to hire? No. Relaxation of non essential regulation to encourage big business to hire? No. Propose an across the board tax cut to encourage real economic stimulus? No. Announce that unpopular legislation (healthcare overhaul, cap & trade, etc.) would be shut in a closet somewhere until things stabilize and then we'll do it slow and careful? No.
What he did do was go on national television to announce a frontal assault on the banks and other financial institutions. Result? Fearing a new destablization of the financial sector due to government meddling, the market takes a huge dive. And we can expect more pink slips handed out tomorrow.
oh don't you know? its all bushes fault when his policies do not work.
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