Job Losses: Worst in 5 Years »
Posted By ybdogsct 7 months, 1 week ago in Business & FinancePayrolls sink in February, fueling recession anxiety. Unemployment rate declines, but that's because there are fewer people in the workforce.
Read Full Story at money.cnn.com »
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ybdogsct7 months, 1 week ago
And in related news:
http://money.cnn.com/2008/03/07/markets/markets...
"Stocks tanked Friday, falling to the worst levels in nearly 18 months after a weak February employment report and more financial sector woes exacerbated recession fears. Oil spiked to a record $106 a barrel before retreating a bit. Job losses are the worst in five years. Employers cut 63,000 jobs in February, the biggest monthly cut in five years. Job losses are the worst in five years. Employers cut 63,000 jobs in February, the biggest monthly cut in five years."
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texangelwings7 months, 1 week ago
With "Job Losses", comes Profit Losses, even for the very wealthy! "The Midas Touch" of Gold story comes to mind!
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mcgrievysr7 months, 1 week ago
texangelwings----"With "Job Losses", comes Profit Losses, even for the very wealthy! "The Midas Touch" of Gold story comes to mind!"
Yeah, while that may be true, Bush and his cabal made out like bandits, didn't they! I'm still trying to get AlphaGnosis (luv to many) to admit that W was a disaster, but she blithely and obliviously forges ahead. Our country has been raped.
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cowboygrandpa7 months, 1 week ago
mcgrievyser:
What is sad is people don't see the effects of this.
Here in CA the city on Ontario set aapart a little piece of ground for the homeless.
Now the police and others are going in and towing cars and such from these people.
Not only are these people now homeless they have no way to get around.
Here in CA it's almost impossible to get work without transportation.
Our Rapid transit system sucks.
If you are homeless, good luck they don't want see you let alone hire you.
This continues thru out the country I know, at least in Southern Ca there is no snow.
My God what kind of nation have we become, when the least fortunate become victims over and over again.
I'm not saying we should give these people everything, but we need to get them working again.
Not give the work to other nations for the benefits of the wealthy.
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cowboygrandpa7 months, 1 week ago
The clowns don't count the people whose Unemployment benefits have expired.
Those people are no longer part of the statistics.
I can't remember a time when we were at war and yet in a recession at the same time.
Profit taking S.O.B.'s have screwed us again.
Bush is the lousiest president ever.
Spin this one all you Bush lover's.
No more Republican controlled congres or senates for a long time. They have completely raped us.
Bush leave and never return you scoudrel.
The only good thing about this presidency is it is almost over.
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cowboygrandpa7 months, 1 week ago
tchef:
Yeah, because remember he is going to retire and give speeches for $75,000.00 a pop.
What kind of idiots would pay this man that kind of money to smirk his way thru a speech?
I'm hoping he goes to prison for all the financial malfeasance, acts of treason, felonies and high misdemeanors he has committed while in office.
So he can stimulate himself all he wants. He and shotgun Dick can trade off being the bitch. Just like they have thru out the administration of this presidency.
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AtheismIsRealityComment removed: User banned.
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ETproductions7 months, 1 week ago
George Bush's "stewardship" of the economy is finally coming home to roost. He was playing every card left in his deck to postpone it till he left office, so he could blame it all on his ill-fated successor. Fortunately, like everything else he has done, that's not going to work. He doesn't have that many cards in his deck.
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HMMace7 months, 1 week ago
Too bad all our polioticnas are loyal to is thier pocket book...our pols are looking more, andmore like Mexican pols...crooked to the core..
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elzorro21627 months ago
Ever heard of FDR's New Deal? The 1935 Social Security Act? Sometime the government CAN and should help people's lives and protect them from greedy capitalism gone unchecked. If it is left to corporate America to have its way, we get the Great Depression, Soup lines, WorldCOM and Enron!
BTW, are you retired military? (the name "jumpmaster" and the Special forces patch)
If so, pity yourself since you're relying (or will rely) on that Government retirement paycheck!
Thanks to good ol' Uncle Sam! LOL!
Z
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jumpmaster7 months ago
Amen brother.
I am with you. It is just like when you were a little kid and you were sniveling to you dad and dad says: "Quit your whining or I will give you something to really cry about".
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chaontaolsma4 months ago
The Fed has to do what it can to provide remedy and not scare the market as well
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