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I often wonder if unemployment is going to stay near 10 percent due to employers believing 10 percent of the work force is not worth hiring. This is not talked about too often, but something tells me there is some truth to this.
There is undoubtedly job discrimination happening right now with the unemployed. A friend of mine who works/lives in Silicone Valley says he knows a recruiter that has a program that scans resumes weeding out the long term unemployed! This idle time has given employers just another excuse to discriminate. Not only that add on the number of people over 50 that are also being left out in the cold and it's a mess!
Add up the real numbers of people that are unemployed. Small business owners who lost their business,people that are 1099'd,people that worked one or two part time jobs or were just shy of the general 6 month period necessary to collect,off the book employees,illegals,etc.. and I believe we are looking at one of the biggest tragedies this country has seen with no REAL coverage on the matter. Sure it's our governments way of managing hysteria, but what about the PEOPLE??
As long as the world's finest job-killer still resides at 1600 Pennsylvania Ave., that trend will continue, and outsourcing is bound to accelerate, thanks to the Dems, their trial lawyer friends, and the environmental wackos who are responsible for BP being forced to drill where they are instead of on dry land.
We no longer have an economy, what we have is a pyramid scheme. We don't really make stuff anymore, we just move money and paper around for a percentage. Remember all the idiots who said outsourcing would be good for the country? For every dollar we invest in China we'll get back three dollars, that is what the idiots said!
We no longer have an economy, what we have is a pyramid scheme. We don't really make stuff anymore, we just move money and paper around for a percentage. Remember all the idiots who said outsourcing would be good for the country? For every dollar we invest in China we'll get back three dollars, that is what the idiots said!
Yip. for the top 0.1% for the rest it is hard times and no jobs.
Well today's headlines are all full of good news so the old "bad" news is thrown off to the side.
What a topsy turvy world we live in these days. The MSM don't even try to see or discuss long term trends...every 24 hours brings us either joy or tears.
And then they wonder why Americans are hesitant to spend money.
The Federal Reserve reported Thursday that nonfinancial companies had socked away $1.84 trillion in cash and other liquid assets as of the end of March, up 26% from a year earlier and the largest-ever increase in records going back to 1952.
While renewed confidence in corporate-bond markets has allowed big companies to raise a record amount of money, many are still hesitant to spend the cash on hiring or expansion amid doubts about the strength of the recovery.
It appears the economic backbone of America doesn't believe the hype about the ship turning around. You lefties should come up with a scheme to get your grubby little hands on that $1.84 trillion, that'll create some (confiscatory) jobs We can believe in and further diminish any hopes that you'll ever get even the slightest chance in hell to ever be in power again.
Since everybody's taxes are going to soar (individuals and businesses) on Jan. 1st, can you blame those financial institutions for not socking their dough away?
They're making tons of $$$$ thanks to Helicopter Ben's rock-bottom interest policy.
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