Friday, December 05, 2008

Here we go...

Jobless Rate Soars to 6.7% in November - NYTimes.com
With the economy deteriorating rapidly, the nation’s employers shed 533,000 jobs in November, the 11th consecutive monthly decline, the government reported Friday morning, and the unemployment rate rose to 6.7 percent.
This is what happens when you put people that don't believe in governing in charge of government...

The act of governing is important -- yet roughly half the population still believes someone like Sara Palin is capable of it...

Anyone with half-a-brain could and should have seen this disaster coming: we don't actually produce much in this country -- and most of the "growth" we've experienced during the last 8 years was directly traceable to bankers swapping paper on wall street and private citizens using their home equity as a piggy bank... In other words, economic growth over the last 8 years has been a complete sham. Its truly been a Ponzi scheme economy and if you need more proof just stand by as all that phony money that's kept employers believing they were doing 'ok' continues to evaporate.

The only good that can come of this mess is the chance at educating the public... but I doubt it... I already hear how the current crisis is the dems in congress' fault.

If you want to really understand a bit about how we ended up here check out this link:

http://www.truthdig.com/dig/item/20081108_financial_meltdown_101/


3 comments:

katarinas mama said...

No, we don't produce much in this country. We innovate. At least historically, that has been our strength. We've lost it in the long ugly 8-year road we've been on. Not sure if/when we can get it back. But at our roots, we have the strength of innovation. We now need the government's support.

As for Sarah Palin, I truly cannot comment on her ignorance. As an educated woman, I find the fact that people find her "refreshing" and "believable" a tragedy.

RR said...

It's true... we do know how to innovate, but we need guidance at this point.

The perfect place to start would be in the energy industry.

katarinas mama said...

I agree...energy is the key.