Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (77285)	1/8/2010 5:01:50 PM
From: Proud_Infidel	Respond to of 224729

Consumer Credit Makes Record Monthly Drop cnbc.com Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades. The dramatic declines raised new worries about whether consumers will cut back further on spending, making it harder for the economy to mount a sustained rebound. The Federal Reserve said Friday that total borrowing dropped by $17.5 billion in November, a much bigger decline than the $5 billion decrease economists had expected. Americans are borrowing less for a number of reasons. They remain fearful about their job prospects and they are also trying to replenish depleted investments. The government reported Friday that employers cut an additional 85,000 jobs in December, bringing total job losses to more than 8 million since the recession began in December 2007.

To: Proud_Infidel who wrote (77285)	1/9/2010 1:34:01 AM
From: MJ	2 Recommendations Respond to of 224729

Those discouraged workers who according to economists measures are still unemployed--------that means the unemployed is much, much higher than the 10% cited. Take 1,000,000 people with 10% unemployed that is a whopping 100,000 people out of work. Carry that to 10,000,000 people and that translates to 1,000,000 people out of work. And that doesn't include the 'discouraged workers' who are not going to employment offices and other reports via the economist estimates. Obamanomics-----if these people (folks as John McCain says) voted for Obama they must be truly disappointed and angry by Obamanomics-------the new socialismn that destroys wealth and jobs.