On Thu, 02 Jul 2009 16:59:31 -0700, jps wrote:

On Thu, 2 Jul 2009 16:28:07 -0700 (PDT), Frogwatch
wrote:

9.5% unemployment, wow, Bozoma told us it wouldnt get that bad with
his stimulus and all. Dont feel so bad, now you can not only be
unemployed but $30,000 more in debt than you were under Bush. You
seen any stimulus, SUCKER.
The reality is that those who produce the new jobs are all on strike
for fear of being punished by Bozoma for having employees so thy are
laying em off as fast as they can. It's gonna be 15% by the end of
the year and 20% by this time next year. Is Bozoma gonna pay your
mortgage? Hey, if you act nice like a good house slave he might send
you a check for a couple of bucks, you know enough to buy a beer while
he shovels trillions into his buddies pockets.
Good Job Dems.

Gone 'round the bend, eh? I hope you enjoy eating all this bull****
when it doesn't come true.

Rising unemployment is inevitable. But it's the globalist Wall
Streeters to blame, not Obama. Clinton and Bush II are the major
culprits.
From what I see, the country has been supported by rising debt,
inflated real estate (more debt with 2nd, 3rd mortgages) and inflated
Wall Street equity prices for roughly 15 years.
That debt based on bubbles didn't stop real wages from going down,
but kept food on the table and enough toys to satisfy the populace.
Somewhat an offset for much of the pain felt by the wholesale
exportation of American manufacturing, IT and engineering during that
period. Service jobs did well enough in a false economy, as the false
cash - derived from debt and bubbles - was available.
Forget about your financial future, enjoy your toys and poorly paid
illegals serving you food, cleaning your house, and cutting your
grass. That was the attitude I saw.
That exportation of jobs started earlier, but accelerated greatly
during Clinton and Bush II.
The bubbles have burst, the debt is due, but the jobs have gone away.
What to do?
That's for Obama to figure out.
He'll have nowhere to hide from his responsibilities.
The only way out now is to tax the well-off to keep the hoi poloi
calm, or start incentivizing the production of consumer goods with
money and tariffs. Probably need a combination of both.
Wealth doesn't trickle down. It works it's way up through osmosis
from those producing the goods we use.
That's how I see it, having been on both the production end and the
service end throughout my life.
But I'm not an economist, just a guy next to the cracker barrel.
So what I say don't really matter except to me.

--Vic