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I have been noticing lately that there is very little traffic on the streets and that stores do not seem to be very busy. ZeroHedge says that a million people have been added to the Food Stamp program over the last month. Now a Gallup Poll is showing very low expectations by small business owners.
"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.” Prof. Albert Bartlett
Katty Kay (on BBC world news on PBS) said recently when interviewing someone,
something like 'the global recovery is in a fragile state'. There is NO global
recovery. The Eurozone just went back into recession in November. Japan is on the edge.
Things are not getting better, but in the States we're getting used to mediocrity under Obama.
As long as the middle class doesn't have to pay more next year with a big tax increase,
they'll accept more mediocrity.
About 47 straight months of unemployment exceeding 7.5%. And I don't believe they even
use valid data, since those not looking anymore aren't even counted.
The eurozone currently consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Eurozone slips back into recession November 15, 2012
Eurostat's first reading of gross domestic product for the three months ended in September showed a contraction of 0.1% in the eurozone, after a decline of 0.2% in the second quarter -- confirming the 17-nation currency area is back in recession for the first time since 2009.
I'm really tired of the axiom "small business is needed to hire in America". with things tougher for smaller businesses what about big businesses and conglomerates with all their breaks, insider trading, and ability to cook accounting books and offshore most jobs overseas. Banks and corporations are sitting on a lot of cash, not small businesses and that cash is not creating jobs as a re-patriated priority. Wages and prosperity have not improved for the middle class since the 60's except one time in the late 90's while the extremely wealthy have gotten a huge transfer of wealth over the last three decades. I used to enjoy watching Kudlow , now he just makes me sick. Talking about the GOP needs to welcome the latino segment , amnesty and all in a transparent drive for voters despite reneging on "conservative" policies where the GOP was happy to promote practically slave labor in the first place. Some guest on the show even said they needed more H1B visas! Which means less skilled tech jobs for American citizens. Corporations are training foreigners more than citizens in tech jobs which went on the last decade. Graduate schools in STEM are mostly 70-80% foreign national students. Just visit any state university to see for oneself. Spain's young people at 55% unemployment. It's hard to believe we were fed all this propaganda by the big three networks for decades in the whole TV age, until real independent news on the internet from people like Peter Schiff got availaible. It's become totally laughable , maybe Dec. 21st is really the end after all.
If we don't transcend the paradigm of defining everything in terms of money (like Rupert does), we will all be doomed anyway.
Even an ∞ amount of money will not be of any value when the earth becomes uninhabitable by humans. That's where we are headed.
"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.” Prof. Albert Bartlett
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Personally, my pet idea regarding taxes, is that everyone should pay the same percentage wise.
If it's the same, whatever 33%, then everyone is in this together. The rich and poor pay the same,
from the percentage standpoint. This will probably never happen though. Selfishness is a big part
of human nature, especially American human nature.
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The main reason I've heard for all these bad years is that the housing bubble burst.
If that didn't happen I don't think there would have been a recession. Just a guess of course.
Now the country is like a patient with a serious health issue. Total recovery is not just a matter
of time as Obama says these days. Now that he's given up.
The Conference Board Employment Trends Index™ (ETI) 10 Dec. 2012
Excerpt of comments:
The Conference Board Employment Trends Index™ (ETI) decreased slightly in November, the fourth decline this year. The index now stands at 107.82, down from 107.84 (a downward revision) in October. The November figure is 3.3 percent higher than a year ago.
“The Employment Trends Index remains weak and suggests that employment growth over the next several months is likely to slow again,” said Gad Levanon, Director of Macroeconomic Research at The Conference Board.
