Pretty Grim? Indeed

Discussion in 'Current Events' started by Annie, Nov 27, 2009.

  1. Annie
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    Annie Diamond Member

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    Perfect story for late Wednesday before Thanksgiving:

    washingtonpost.com

    Hmm, got to wonder if this is 'to suppress expectations' or reality. Seems the rest of the world didn't have a good day with stocks and such today:

    Asian stocks tumble amid Dubai fears, dollar slump - Yahoo! News

     
  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    Top Fed officials have said a lot of things over the past year. However, I would not be surprised if the jobs are the last thing to recover from this economic crisis. Historically, that has been the case.
     
  3. garyd
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    garyd Senior Member

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    And yet the left hammered Bush over a jobless recovery for 2 years...

    By the way based on what I see and hear 7% unemployment seems unrealitically low.
     
  4. California Girl
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    California Girl BANNED

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    It would have been more helpful if the 'stimulus' money had actually been totally focused on recovery projects, instead of pork. Just sayin'.
     
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  5. Gatekeeper
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    Gatekeeper Senior Member

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    I wonder if the 'misuse' of the stimulus money, in the minds of many, could relate to someone in an organization accepting money from the organization legally to make improvements,BUT to be used in the organization itself,surrounding grounds, buildings etc, but he or she turns around and spreads a lot of that money between his or her pals to do what THEY want, all because they helped him out throughout the years in various ways?

    Wouldn't he or she be guilty of a crime? Just sayin.................
     
  6. chanel
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    chanel Silver Member

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    The extended unemployment benefits are also hurting the state budgets. They will in turn demand more money from businesses, who in turn will forego hiring new employees. Government intrusion always has negative consequences.
     
  7. California Girl
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    California Girl BANNED

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    Good question.

    I also ponder whether we would be in this mess had congress listened to Bush 5 years ago and taken the hard but necessary steps to minimize the impact of the threatening recession.

    There is blame aplenty to go around for our current woes - greed in the private sector, the economists being too scared to have confidence in their own research, congress, and pretty much each and every adult in the US - who ran up debts they could not afford to repay and then blame the banks for lending them the money in the first place.
     
  8. chanel
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    chanel Silver Member

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    Well said CG. And with so much uncertainty and so little trust in the present administration, even those individuals and small businesses that have money to spend, are reluctant to do so. People are scared. And rightfully so. Also - who wants to hire new workers (even part timers) if they may be forced to provide health insurance?

    It's almost as if they are doing it on purpose.
     
  9. Xenophon
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    Xenophon Gone and forgotten

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    We will soon know if there is any recovery, when the results of black friday are in.
     
  10. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    Pork? I wish it is a slush fund for buying political favor .
     

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