BankruptingAmerica.org has a well done video detailing how and why the unemployment rate is much worse than the 9.7% we hear about in the news. Take a look:

Take the time to go to the www.BanktuptingAmerica.org web site, it’s worth the effort.

And the news just keeps getting better and better…..

Thanks to the idiots running things on capital hill it looks like it may be around 2020 before the job market recovers. In a recent article ar Investor’s Business Daily, alarming Labor Department information shows the current situation with jobs to be grim:

Employment bottomed in December 2009 at 129.588 million — two years after peaking at 137.951 million. At this year’s pace, the U.S. won’t recoup all those 8.36 million lost jobs* until March 2020 — 147 months after the December 2007 high.

Read all the details here – [LINK]

Watch this video, it says everything that needs to be said.

It’s cost this country a lot of money to finally learn the lesson that Obama was not the right person for the job. Many of us were wise enough to know that from the outset, but the mindless hordes that voted him into office are finally getting a clue.

The New York Daily News reports that the majority of U.S. Citizens are dissatisfied with the job he has done and the numbers are on the increase.

Read all the details here – [LINK]

The NAFTA treaty was a bad idea from it’s conception, I’ve been saying it since Clinton first introduced it. Once it was signed the country watched manufacturing plants jump ship left and right, killing jobs and crushing pay scales with more and more people out of work willing to take lower pay. The numbers are in and it’s obviously not good:

…..the U.S. enjoyed a $1.7 billion dollar trade surplus with Mexico in 1993, before NAFTA, compared to a $47.5 billion dollar trade deficit with Mexico in 2009.

Read the full story here – [LINK]

The United States is tired of politics as usual in D.C. and want to see major changes in big government. Citizens want a reduction in the size and cost as well as a stop to the invasion of their everyday lives. Most importantly the U.S. citizens want a government that represents the people, not special interest groups or corporations.

Throw the bums out! – [LINK]

… and three more years of this crap to go.  The “State of the Union” address was a let down, not so much because I had any high expectations but because I’ve been trying to be less negative about things, which didn’t work out once everything was said and done.

Once the speach was over it was clearly just the same old tired rhetoric that put me right back in my mantra of  “this sucks” and “everyone in D.C. is mentally challenged”.  That is not what I wanted.  However it was, as usual, the feeling I walked away with after listening.

I’d love to hear about less government, less red tape, less taxes, and overall a lot less of what we’ve had spewed on us since the Clinton era. This country needs to support the individual, never mind pandering only to those who’ve managed to squeeze out a couple more mentally stunted children.
Give people under $100k a year much much bigger tax cuts on a permanent basis. Make up the loss in tax revenue from corporations that outsource and manufacture overseas. Sadly we all know the buying power for the mega-wealthy special interest groups will never allow that…… and the the economy ruled by Corporatism continues.

At any rate, for those of you who didn’t want to watch the “State of the Union” and slipped on a dvd instead here is a quick synopsis of what was said, “Blah blah blah [clap clap clap]  same shit different day [clap clap clap] blah blah blah”.

The AP reports that compared to the last time jobless rates were over 10%, things are much tougher now and being unemployed hurts a lot more. There aren’t as many jobs available that pay as well, the numbers of jobs with decent benefits is much lower, people are carrying more debt, and those out of work are more likely to have to burn through their savings and retirement plans to make ends meet.

Read all about it here: http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_jobless_then_and_now

This is nuts! Things get any ‘better’ and we’ll all be homeless.

http://finance.yahoo.com/

One thing to keep in mind …the jobless rate is really higher than what they post because of how they measure it. They are not counting people who are out of work that do not qualify for unemployment benefits, those that have already run out benefits, or those who have given up trying out of frustration. My guess is the real unemployment is closer to something like 16-18%.

Any way you cut it, things are not good and are not going to be better anytime soon.

Hang in hang in there baby!

BBC News reports continued U.S. job losses. Not exactly news to me….

“US job losses worse than expected

The number of jobs lost in the US last month came in at 467,000, which was much more than had been expected.
The jobless rate rose to 9.5% in June, from 9.4% in May, as the US economy continued to struggle.
Since the start of the recession in December 2007, the number of jobless people has risen by 7.2 million, the Department of Labor said.”

Get further depressed by reading more here – LINK.