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Only 10% unemployement right now, just wait....
email | unknown

Posted on 08/25/2009 3:26:21 AM PDT by FreeAtlanta

While we are distracted with the Healthcare legislation, the house has passed another huge bill that most again didn’t read. This bill will cause the closing of stores – large ones like Publix and Wal*mart and small mom and pop stores across the land. It will cause the closing of other businesses and it will break America as we know and love it.

What will be the upper limit to the unemployment? In the “Great Depression” it was around 25%. I think through thoughtless, ignorant however well meaning laws, our national “leadership” is going to break that record. Get ready to loose your jobs, your homes, your life savings and maybe your lives.

Cap and Trade…. Aka, Cap and Tax

Currently, my local Publix pays nearly $30,000 in electrical cost per month. That will be 6 times more under cap and trade that will send our dollars to other counties to buy “carbon credits”. Oh, hell.

Contact your congress people. Tell them to stop. Tell them to read bills before they put their names on them. Tell them to revoke the cap and tax bill before Obama can sign it. Change is often very bad.

TOPICS: Business/Economy; Miscellaneous
KEYWORDS: capandtax; capandtrade; captrade; chat; fleasing; unsourced
from an email I received... I wonder what has to say about this?

We are in deep, dangerous water.

1 posted on 08/25/2009 3:26:21 AM PDT by FreeAtlanta
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To: FreeAtlanta

Long term unemployed and people who gave up looking for work were still counted back then. If we were to make a comparison our current numbers, in the mid to upper teens, would be much closer to Great Depression levels. Different accounting methods.

2 posted on 08/25/2009 3:32:32 AM PDT by allmost
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To: FreeAtlanta

Here’s a related article. It says supply chain companies will be paying 5% before EBITA (before taxes, interest and amortization). In other words, 5% right off the top.

3 posted on 08/25/2009 3:39:18 AM PDT by saganite (What would Sully do?)
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To: FreeAtlanta

But they’ll do it over years, the worst parts hit after the 2012 election. I’m sure its just a coincidence.

4 posted on 08/25/2009 3:53:49 AM PDT by GeronL (Toward the TOTUS State-Nightmare in Obamaland ..
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To: FreeAtlanta

Only 10%? I got these off Ron Paul’s own site.

“Real unemployment is now 20% and there has not been any economic growth since the onset of the crisis in the year 2000, according to non-government statistics.

Net US debt is now 372% of GDP. In the crisis of the 1930s it peaked at 301%. Household debt services requires 14% of the disposable income—an historic high. Between 2000 and 2007 credit debt expanded five times as fast as gross domestic product.”

Audit the Fed, then End it.

5 posted on 08/25/2009 4:03:26 AM PDT by To-Whose-Benefit? (It is Error alone which needs the support of Government. The Truth can stand by itself.)
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To: To-Whose-Benefit?

Good tagline!

6 posted on 08/25/2009 4:25:51 AM PDT by agere_contra
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To: agere_contra

If you are still allowed to vote by then.

7 posted on 08/25/2009 4:43:20 AM PDT by crazyotto
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To: crazyotto

I wouldn’t put it past the crooks in Washington to stir up some riots so that obama can declare martial law and do away with our free elections.

I put nothing past this bunch of thugs.

8 posted on 08/25/2009 4:54:28 AM PDT by Catsrus
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To: allmost

my fiance is still unemplyed and out of unemployment compensation...she has been out of work since may of 2008 due to the poor job market in our area...a few monthes ago my company to ward of laying anyone off cut our pay by 10%...i had to stop some of my insurance and 401k contributions to make up for some of the loss....this morning we have a mandatory meeting for all employees...i hear that there is a layoff and the rest will have their pay cut yet again...if i am one to stay with just a pay cut i will now have to cancel my health insurance to ensure that i can make ends meet for me and my little girl....there isn’t much hope but alot of change here in florida...thank you obama, pelosi, reid, bawney frank and all you other socialist pigs..................

9 posted on 08/25/2009 4:59:45 AM PDT by tatsinfla
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To: FreeAtlanta

We are in a suckers’ rally.

Gold will fall, as the market continues to rise.

Market crash in October. Bank failures. Huge numbers of them.

Unemployment going to 30-35%.

Gold going through the roof—hyperinflation.

Fed is already withdrawing “money” from the system. This can only hasten the crash.

10 posted on 08/25/2009 5:09:47 AM PDT by Arthur McGowan
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To: FreeAtlanta
The version of cap and trade passed by the House looks to be dead in the Senate. BTW C&T was passed long before the 0care flap.
11 posted on 08/25/2009 5:12:31 AM PDT by mad_as_he$$ (Nemo me impune lacessit The law will be followed, dammit!)
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To: FreeAtlanta

Nothing that happens in politics is unforseen or unintended. The radical left WANTS 1 out of 10 jobseekers to be frustrated in their search, and become poor and dependent on the government.

12 posted on 08/25/2009 5:15:31 AM PDT by Leftism is Mentally Deranged
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To: FreeAtlanta
C&T means you have to replace your roof, A/C, Furnace, Hotwater heater and more before you can sell your house. It will be based on the New Green codes for the current year, not years in the past.

Good luck keeping up with the Green Codes and heaven help you if you have to move after a layoff.

13 posted on 08/25/2009 5:56:53 AM PDT by sr4402
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To: FreeAtlanta

10% unemployment?
What about the millions that lost full time jobs with benefits that are working but now working part time jobs with no benefits?
What about workers that remained employed but had their hours or days cut and lost 5, 10 20, thousand dollars in salary for the year?
The unemployment rate is meaningless in and of itself. The big picture must be looked at to see that the Democrat Congress and Obama are destroying this once great Nation.

14 posted on 08/25/2009 5:58:13 AM PDT by SECURE AMERICA (Proud to have made Communist Leader Obama's hit list at
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