40,000 jobs cut just today...

[nature's message]

This is a really scary situation.

[highdesertmutz]

OZ! I hope they're printing it and not borrowing it!

Originally Posted by oz in SC

By liquidity you mean money...where is the gov. getting money from???

Is it borrowing it?

So to save us from too much debt the fedgov. is borrowing money.

Do you see a problem with this?

[city414]

Originally Posted by Angel713

So you really think the jobs lost today would not have been lost had McCain won?

they are a sad little bunch and the fact is many think if mccain won there wouldnt be any problems but yet things were failing under bush..

one thing i never could get is how one could encourage many of our companies to leave america and set up shop in other countries just for incentives

the war on terror isnt cheap....and is gonna continue to cost of america think we are the worlds police

[oz in SC]

Nothing would have stopped this...the only thing is perhaps not making it worse.

As to printing instead of borrowing,BOTH will ruin this country.

[ovcatto]

Originally Posted by oz in SC

Nothing would have stopped this...the only thing is perhaps not making it worse.

As to printing instead of borrowing,BOTH will ruin this country.

Well, I'll patiently ask again, then what is your prescription.

[oz in SC]

There is no solution to the problem that saves the current system.

Our system is based upon borrowing our way to prosperity...

[Icy Tea]

The government is hiring thousands of "scienticians" to study the effects of global warming. There are links to diploma mills offering degrees in global warmology.
LOL, pity our grandkids when they curse us for saddling them record deficits for wasted spending on global warming as they struggle to keep their homes warm.

[cuebald]

Originally Posted by Delta Planter

And Home Depot is dropping a mere 7,000. Wow, should be able to get lotsa good stuff there on sale, shortly.

And they are still spending money to support NASCAR.

Automobile races are much more important than the well being of employees and their families.

This is what is wrong with American business.

[bluescityleon]

Originally Posted by oz in SC

This is a global depression,it will affect us all and the fedgov. is not going to make it stop by trying to prop up the failing system.

So What is it going to take?

[kdog]

Originally Posted by bluescityleon

So What is it going to take?

A full-bore master reset of the economy. Today's news is just the tip of the iceberg. I expect we'll see the unemployment rate hit 15% by the end of the year and the full collapse of the credit system. Next year we'll enter a full depression, with unemployment hitting 40%. Many families will lose their homes and be unable to feed themselves. It will take a decade to crawl out of the mess with people earning barely enough money to pay cash for basic necessities. The credit-based standard of living that the majority of Americans are living today will not return again in our lifetime.