Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Oldeconomybuyer

It’s probably 25% in reality...........


3 posted on 09/20/2011 7:02:36 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Red Badger

It’s probably 25% in reality...

So many people are on welfare in the cities and that is "employment" that the figures are way off. The true test is the producing areas of the land, where food, minerals and lumber come from.

I have some friends that live in one of the rural counties of Californica and the rate in that county hit 40% and is still going up. The State shut down the lumber and the mining industry there for environmental reasons and just plain greed. Not much left.

You could not touch the tiniest house there for under a quarter mill, just saw an add for a house downtown for 89,000.

This almost recession now has higher unemployment rates than the last Great Depression (using the same math methods, not the new math),and is just picking up steam. There seems to be no common sense left in government, everything is graft and greed at this point, so I do not have much hope for my friends economic future.

He works, or worked as a high level concrete construction company building bridges and such. Now every time he bids on anything the unions take him to court. So they get all the bids. Nobody can compete with lawsuits on their backs. And the Goobermint takes their payola and politely nods...

It truly is unsustainable, and they all know it, but they are so busy looting the treasury that they don't much care if the bank burns to the ground.

14 posted on 09/20/2011 9:36:22 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson