Posted on Saturday, 11/07/2009 - 11:28 a.m. PST — by MikeSar
"Americans have more than triple the debt they had in 1982, and less than half the savings... And a bigger share of them have no health insurance, leaving them one medical emergency away from financial ruin." Short and clear.! Also, short and clear is that 5.6 Million Americans have not been able to find work for more than six months.
Don't look now but the Christmas Season is about to start. We all know that many businesses depend on this season to earn Half their profits for the year. What do you think will happen, next month? Will they earn enough to survive?
Yes, I know, numbers are dropping slower than before. Great! Does that mean there is no Double Dip in the horizon? What do you think happens when millions have no money to spend? Will that help the Recession? I don't think the Recession is over. Propaganda only takes us just so far, then reality sinks in. Merry Christmas!
Joined: May 2007
Current Posts: 448
Many well known and respected economists have said that the real unemployment rate in America is 17% due to the people that have run out of benefits and are not counted, folks that are working part time and want full time jobs and other people that have had their hours cut and or a reduction in salary. what happened to Obama's 8% and no higher promise. down the toilet wih all the other promises that he made on the campaign trail and now has forgotten entirely.