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The 'snowball' of unemployed workers and bankrupt companies and citizenry continues to grow with nothing to stop it.
The only 'stoppage' will come in the form of permanent jobs - but I don't see them on the horizon. There is no recovery coming this time in the traditional forms of housing or automobiles. Temporary fixes of government spending can come from draining the resources of the wealthy (unlikely) or cutting the defense budget (it was just raised), so the snowball just keep on a rollin!
The demise of Lehman Brothers, in September 2008, is widely regarded as the first large institution to fall victim to the current financial crisis. Notably, this was only two months before the election. Barack Obama started campaigning for President after giving the keynote speech at the 2004 Democratic Convention. America was not quite in a full blown recession when he started his quest. His primary talking point was opposing the war. He continued to shout his opposition to the war long into his campaign. I believe Barack himself is stymied by the financial crisis. I don't think he was prepared to campaign on anything other than anti-Bush rhetoric and the war. I believe he bit off more than he can chew. He was hoping that ending a war would be his trophy on the mantle as President. Now he is faced with a financial crisis that he is not well equipped to handle. Surrounded by the likes of Nancy Pelosi, Barney Frank, Tim Geitner, Harry Reid, and Rahm Emanuel, I believe the worst is yet to come, and I have very little faith in the leadership team to get us out of this mess.
The demise of Lehman Brothers, in September 2008, is widely regarded as the first large institution to fall victim to the current financial crisis. Notably, this was only two months before the election.
Barack Obama started campaigning for President after giving the keynote speech at the 2004 Democratic Convention.
America was not quite in a full blown recession when he started his quest. His primary talking point was opposing the war.
He continued to shout his opposition to the war long into his campaign. I believe Barack himself is stymied by the financial crisis.
I don't think he was prepared to campaign on anything other than anti-Bush rhetoric and the war.
I believe he bit off more than he can chew.
He was hoping that ending a war would be his trophy on the mantle as President. Now he is faced with a financial crisis that he is not well equipped to handle.
Surrounded by the likes of Nancy Pelosi, Barney Frank, Tim Geitner, Harry Reid, and Rahm Emanuel, I believe the worst is yet to come, and I have very little faith in the leadership team to get us out of this mess.
The 'snowball' of unemployed workers and bankrupt companies and citizenry continues to grow with nothing to stop it.
The only 'stoppage' will come in the form of permanent jobs - but I don't see them on the horizon. There is no recovery coming this time in the traditional forms of housing or automobiles. Temporary fixes of government spending can come from draining the resources of the wealthy (unlikely) or cutting the defense budget (it was just raised), so the snowball just keep on a rollin!
Your new article is not about the United States. I don't know what country they're talking about but, it says it's the highest since 1996, the year they first started keeping records. They've been keeping records on unemployment for decades in the U.S.....early 1900's, maybe even further back than that but, in any case, it's not 1996.
Upon further investigating, it looks like they're talking about Spain.
Last edited by Danno3314; 04-08-2009 at 08:53 AM..
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