No! I am not talking about the cocaine injection used by the great Sherlock Holmes!
It is the latest figures released on the unemployment in the US….but if we figure in those who have come off the rolls or have just gave up on the prospect of having a job, then the figure would be closer to 20% or more.
Let me see….we threw money at banks….most are now stable…..most are once again giving those great bonuses to the idiots that cause this recession…..then the auto makers got their piece of the pie….although it was a smaller piece than the banks got….they are doing sort of okay….and now the rise in home starts….existing home sales….yada yada….we are being told, in some circles, the recession is over and that we must be patient and all will be good…….
How nice….but all is NOT good…..unemployment is still rising…foreclosures are still rising…..bankruptcies are still high…..consumer spending is still almost non-existent….but things are getting better….
I think that the banks have had enough good fortune….maybe the admin needs to come up with a 10.2% solution….it would solve a lot of the problems we “real” people have….we have had enough of “banks…banks” we need “jobs…jobs”! Maybe some of that cash that has not been spent on the thieves could be spent creating jobs…just a thought!
One of my fav comments was made by the CEO of Goldman-Sachs, who makde about $68 million last year, that the bank is doing God’s work……think about that for damn minute…..doing GOD’S work….I bet you did not know that God was a capitalist did you?
Does that not sound a bit pretentious? These banks are NOT creating anything but wealth for themselves…they are helping NO one out in this recession. Actually, they are still making the same types of trades they did in the past that blew up in their face, but this time they are betting on the government again to cover their losses.
YOU are covering their losses and YOU a getting nothing in return….GET MAD!
So we need a 10.2% solution…it can begin with YOU….burn up the phone lines….reload their emails…..write a damn letter….let Capitol Hill know that it is time for them to get off their butts and STOP covering for the banks….YOU CAN DO IT! But are you a wimp? Stop bitching about everything and DO SOMETHING….even if it is wrong…at least you tried…..
However, please do not try to sell us the tired old argumnent that cutting taxes will create jobs…..if there is NO demand for products there will be NO jobs……the only demand that has been created so far is a credit demand with first time home buyers and cash for clunkers….the problem with those is if there is NO job…there will be little buying…..again…the creation of demand should be priority one. For demand will create jobs and jobs will create more demand…..pretty straight forward stuff….
Exactly. The banks have from the start used the fact that governments almost world wide dare not allow the financial system to fail completely, to maintain thier way of lifestyle and doing business.
In the meantime the ONLY change the financial organisations have made affect ORDINARY people.
So, WE give them the money and then THEY won’t lend even a little bit of it back to us because they want to keep it for themselves and their buddies. Good deal that! 👿
I knida wish I could get a deal like that….but since I work for a living…all I get is screwed!
I have to wonder how much money was lost in the various retirement investments that Joe Average will not get back while the banks were given money to not fail.
Terrant I have heard the total of $1.4 trillion being batted around….