New Jobless claims rise to 576,000 (employment, interview, how much, dollar)
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The wheels of the economy are based on consumers spending. To spend they need money and that comes from jobs. Keep losing jobs and there will be no more consumer to spend what they don't have.
The stimulus is keeping Wall Street going but not Main Street.
The wheels of the economy are based on consumers spending.
You betcha. People DO NOT trust obama and the plans he has coming down the pike. They know if ANY of his big spending programs (cap&trade and HC) get passed, taxes will be going up - for everybody.
I could be spending, but I'm not and I won't do it. Basically essentials and nothing more.
To both of you who replied to my post: how will the stimulus boost the economy? Don't you think it's just a case of keeping the wolf from the door, while sinking us into even MORE debt? I'm no economist, I'm not a conservative, but it just seems to me like we're pumping hundreds of billions of dollars worth of future taxpayers money into a broken system, in essence, just keeping the wolf from the door for a while longer.
You call our "system" broken .... but you must realize, good or bad, it's the only system we have.
You can't just ignore it, let it implode, and still expect life to go on as usual.
Our entire way of life relies on keeping our present system running.
Everything in the economy is connected to everything else.
If major banks fail ... then big corporations have nobody to borrow from to buy goods ... which causes them to fail ... and when they fail, they lay off their employees ... which causes these unemployed people to have more foreclosures .... and on ... and on ...
Hopefully, after the recession is over, we will have better regulation over financial systems to prevent a similar situation from ever happening again.
You betcha. People DO NOT trust obama and the plans he has coming down the pike. They know if ANY of his big spending programs (cap&trade and HC) get passed, taxes will be going up - for everybody.
I could be spending, but I'm not and I won't do it. Basically essentials and nothing more.
Maybe you should be more specific ... and say SOME people?
There are quite a few of us (approximately half the country) who are VERY happy with him !!!
You call our "system" broken .... but you must realize, good or bad, it's the only system we have.
You can't just ignore it, let it implode, and still expect life to go on as usual.
Our entire way of life relies on keeping our present system running.
Everything in the economy is connected to everything else.
If major banks fail ... then big corporations have nobody to borrow from to buy goods ... which causes them to fail ... and when they fail, they lay off their employees ... which causes these unemployed people to have more foreclosures .... and on ... and on ...
Hopefully, after the recession is over, we will have better regulation over financial systems to prevent a similar situation from ever happening again.
The funny part is that I don't expect life to go on as usual, because that's what has got us into this mess in the first place. By doing nothing more than pumping money into the problem, we are doing nothing more than keeping the wolf from the door.
Better regulation? I'd agree with you there and going forward, I'd really like to see that happen. However, I'm not happy with the fact that these "bailouts" have created an enormous debt that will take potentially decades to pay back and will inevitably result in higher taxes and a lesser quality of life for future generations anyway.
Better watch out for those black helicopters flying overhead...
Did 0bama and Biden both state that the stimulus was doing exactly as they intended or not? It would have been nice if they would have told us THIS was their intention, so we could have told them to stuff it up their ass.
You betcha. People DO NOT trust obama and the plans he has coming down the pike. They know if ANY of his big spending programs (cap&trade and HC) get passed, taxes will be going up - for everybody.
I could be spending, but I'm not and I won't do it. Basically essentials and nothing more.
scary music plays in the background... People, are you talking of the same nutbags that frequent the TeaBag Parties or the Town Hall's who are there to debate HealthCare Reform but talk like God Fearing Christians who spout out about bs like 2nd ammendment rights which has nothing to do with HCR...
The funny part is that I don't expect life to go on as usual, because that's what has got us into this mess in the first place. By doing nothing more than pumping money into the problem, we are doing nothing more than keeping the wolf from the door.
Better regulation? I'd agree with you there and going forward, I'd really like to see that happen. However, I'm not happy with the fact that these "bailouts" have created an enormous debt that will take potentially decades to pay back and will inevitably result in higher taxes and a lesser quality of life for future generations anyway.
No ... what got us into this mess was greedy financial companies who were giving out millions of home loans to people that couldn't pay them back.
And as far as higher debt goes ... we've already doubled it during the Bush years.
If you weren't concerned then ... why are you concerned now?
No ... what got us into this mess was greedy financial companies who were giving out millions of home loans to people that couldn't pay them back.
And as far as higher debt goes ... we've already doubled it during the Bush years.
If you weren't concerned then ... why are you concerned now?
I agree...idiot Bush ran up most of these debts, and for what? Tougher regulation could quite possibly have prevented this, but I am also afraid of throwing money @ a problem. I would rather see the money directed towards providing people with a safety net, rather than bailing out failing companies. These bailouts may have helped Wall Street, but they've done little to help Main Street, other than create even more debt that every American taxpayer is going to have to pay back.
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