Posted on 01/09/2009 5:42:54 AM PST by Red in Blue PA
U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, a government report showed on Friday, suggesting that the year-long recession was deepening.
The Labor Department said the national unemployment rate rose to 7.2 percent in December, the highest level since January 1993.
(Excerpt) Read more at cnbc.com ...
Save us Obama, saves us. (barf)
Like a snowball rolling down a hill.
Another case of unintended consequences?
WISH A BUCK WAS STILL SILVER
ARE THE GOOD TIMES REALLY OVER)
Merle Haggard
Wish a buck was still silver.
It was, back when the country was strong.
Back before Elvis; before the Vietnam war came along.
Before The Beatles and “Yesterday”,
When a man could still work, and still would.
Is the best of the free life behind us now?
Are the good times really over for good?
Are we rolling down hill like a snowball headed for hell?
With no kind of chance for the Flag or the Liberty bell.
Wish a Ford and a Chevy,
Could still last ten years, like they should.
Is the best of the free life behind us now?
Are the good times really over for good?
I wish coke was still cola,
And a joint was a bad place to be.
And it was back before Nixon lied to us all on TV.
Before microwave ovens,
When a girl still cooked and chopped wood.
Is the best of the free life behind us now?
Are the good times really over for good?
Are we rolling down hill like a snowball headed for hell?
With no kind of chance for the Flag or the Liberty bell.
Wish a Ford and a Chevy,
Could still last ten years, like they should.
Is the best of the free life behind us now?
Are the good times really over for good?
One more time:
Stop rolling down hill like a snowball headed for hell?
Stand up for the Flag and let’s all ring the Liberty bell.
Let’s make a Ford and a Chevy,
Still last ten years, like they should.
‘Cos the best of the free life is still yet to come,
The good times ain’t over for good?
Let’s sing it again.
Stop rolling down hill like a snowball headed for hell?
Stand up for the Flag and let’s all ring the Liberty bell.
Let’s make a Ford and a Chevy,
That’ll still last ten years, like they should.
‘Cos the best of the free life is still yet to come,
An’ the good times ain’t over for good?
Of course we need more guest workers and to legalize the status of the 12 to 20 million illegals already here.
Here are some handy dandy tips from FDR himself:
1. Wage controls
2. Price controls
3. Manufacturing and agricultural controls
4. Compulsory trade unions
5. Government funded busy work projects
6. Tax increases
7. Regulate everything else.
Nope. Cutting staff because the need isn't there, because demand has fallen so low.
Oh fer gawdsakes, let’s not go drama queen shall we?
7 percent unemployment means that 93 percent of all Americans are working, ok?
7.2 and heading for 20!! IMHO!
I think you have to take out the welfare recipients. That would mean that 93% of productive to somewhat productive Americans are working.
And that’s the fixed government number. Imagine what it *really* is.
Durasell’s First Rule of History: You don’t get to grow old and diein the same country you were born in. Lincoln didn’t. Eisenhower didn’t. Truman didn’t etc. etc.
“Worst economy since the Great Depression”, and it shows signs of being on the move to exceed even that calamitous era.
The “assistance” the nascent obama regime is planning to give to the economy shall have the perverse opposite effect.
Public works programs, “building the infrastructure”, are a band-aid solution, because it is not as if we were not already building and rebuilding infrastructure, rather, it is because too few resources are available to greatly expand the scope of what is already being done.
Expand the resource base. That means, ALLOWING this influx of capital to mine, extract, refine, and deliver the raw materials to the consumers, and give the consumers the opportunity to make intelligent choices as to how this flow of resources shall be applied.
Translated, this means that we begin extracting oil from the shale deposits of Utah and Colorado, go for the extraction of petroleum WHERE IT EXISTS, not demand that oil companies continue to drill useless dry holes in leased areas that do not and never will have reclaimable petroleum deposits. Technology DOES exist that assures the use of coal for a source of power will be as clean as using hydrogen as a secondary source.
One notion to be dismissed out of hand. Carbon Dioxide is NOT a pollutant. If it is, then all carbonated drinks must immediately be outlawed. And that is an absurdity. Carbon dioxide is absolutely essential for our existence, and with capable management of our already existing plant population on this planet, carbon dioxide will ALWAYS be contained in manageable quantities.
Taxing the sources of energy is a sure way to reduce the use of that source. The conversion of energy sources into energy is the true basis of wealth, and with the generation of wealth, there is the revenue that may be harvested for the benefit of administrating whatever degree of government need be applied.
Now, we come to the philosophy, what is government, and how much should it be shaped by the demands of those who have agreed to accept it, and how much should that government shape the people who choose to be its support.
Government and freedom are always at odds, and the balance has flowed back and forth between the two polar opposites throughout human history. At the moment, the weight seems to be falling on the side of MORE government, and LESS freedom.
We already have a document that spells out the level of balance between governance and expression of freedom. It would be refreshing to see it is actually applied.
Without resorting to asterisks and exceptions.
Also another 150K more jobs were lost on Oct. and Nov. than previously thought.
Bottom line folks, is that the majority of Americans are working.
What is needed is LESS government interference in the free markets, MORE incentives to invest and save, and that means less taxation.
Reagan said it best “when you want more of something, you subsidize it, when you want less of it, you tax it”, and what happened over the last eight years is that yes indeedy, we got some great tax cuts from the current Administration, but there was no corresponding fiscal responsibility and restraint as GWB turned into just as big a liberal big-spender as that other loser from Texas, LBJ.
Those are the facts.
I remember just 12 years ago how cool it was that my part-time, internship job was paying me $7.50/hour (worked for a local CPA while in college). I thought I was livin' large.
The Rats couldn't say they weren't warned!
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