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This is awful, right up there with Greece. Is this the new economy of 'Hope and Change'? Or is it now 'No Hope and No Change'? Remember, this is a world economy and we will go as the world goes.
Since the unemployment rate has slowly gone down the last few years I'd assume not anytime in the near future. What is it now, 7.5 percent? Not sure what would need to happen to make it reach Spain's level but I wouldn't worry too much. I do feel for those that aren't employed, that sucks.
This is awful, right up there with Greece. Is this the new economy of 'Hope and Change'? Or is it now 'No Hope and No Change'? Remember, this is a world economy and we will go as the world goes.
27% Unemployment Rate In Spain, When Will It Be Our Turn?
We peaked in 2010, and have been improving since the, although the weakness in global economy weighs us down. Fortunately we did not take Spain's approach of "fixing" by severe austerity.
This is awful, right up there with Greece. Is this the new economy of 'Hope and Change'? Or is it now 'No Hope and No Change'? Remember, this is a world economy and we will go as the world goes.
It WOULD have been our turn had Romney been elected and put into place the same time of austeriy measures Europe did. It's telling that the European leaders have now figured out that austeriy was the WRONG approach - too bad so many people there had to suffer for THAT mistake.
So how does the sequester fit into your half baked little theory
Quote:
Originally Posted by LordBalfor
It WOULD have been our turn had Romney been elected and put into place the same time of austeriy measures Europe did. It's telling that the European leaders have now figured out that austeriy was the WRONG approach - too bad so many people there had to suffer for THAT mistake.
So how does the sequester fit into your half baked little theory
I don't like the sequester. It should never have happened, but Obama made the mistake of assuming that the GOP would act rationally and negotiate more reasonable cuts. Sadly, he was mistaken.
We WILL however survive it since we are already well down the road to recovery. It will just make that recovery more bumpy.
This is awful, right up there with Greece. Is this the new economy of 'Hope and Change'? Or is it now 'No Hope and No Change'? Remember, this is a world economy and we will go as the world goes.
we go in a we orbit around the sun and rotate on tilted axis and we have will have day and night and summer and winter depending which part of the world you are in so we in North America are having summer Australia is having their winter and their toils flush the wrong way.
plus Hope and change was not a slogan used by Greece or Spain in their elections and they are under EU policy so they use a currency that is tied to more than one country and the stronger economies of Germany and France get to have a say on how much they will spend or how much they need to cut.
plus if you are above 100% GDP and time to payback what was borrowed when times when money was flowing and easy.
also the Dow has been past 15,000 so people that hoarded gold should of sold at the peak and the invested in the stock market and picked some winners and sell while it is at record highs and get out of any personal debt payoff your car and mortgage and invest In going back tonight courses and take up a skilled trade in demand that cannot be offshored and pays very well.
make sure that you have enough to live comfortably and can Retire if the pension plans you pay into dry up as the baby boomers age and use most of it up and learn new skills and get into courses that give you a massive advantage over the rest of the world.
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