[BenLurkin]

Well...at least this isn’t “unexpected”.

[Shadow44]

They’ve been hiding the reality of the situation for 7 years, it couldn’t last forever.

[SkyPilot]

And of course we can see evidence of the emerging economic slowdown all around us pretty much wherever we look. Sprint just laid off 8 percent of its workforce, GoPro is letting go 7 percent of its workers, and Wal-Mart just announced the closure of 269 stores.

It is even worse out there than these examples.

But instead of dealing with reality, there are a lot of irrational optimists that insist that things will start bouncing back any day now. For instance, CNBC is reporting that Goldman Sachs is forecasting that the S&P 500 will end up finishing the year back at 2,100...

Yeah, right.

The big banks are also shedding thousands of employees.

That is a very ominous sign.

[jsanders2001]

Hmm two things are in common with the recession of 2008 and the slowing economy now. Can’t wait till the Muslim traitor in office is gone.

[headstamp 2]

We are finding out now just how much the energy sector was carrying the overall economy.

[ozzymandus]

Well, yea, experts!

[Secret Agent Man]

Gee, how unexpected. Surprising. Unforseen. Who woulda thunk it?

[Catmom]

Wasn’t there a stock market crash in 1937 that was almost as bad as the one in ‘29? And it came after four years of New Deal tinkering.

[wjcsux]

Highland Industrial Park in East Camden, AR is one of the largest facilities for storing unused rail cars. They are currently full to capacity.

[Fledermaus]

DUH

[The Mayor]

It’s killing my business.

[gunsequalfreedom]

What did they expect would happen. The American middle class is gone.

[nascarnation]

I’ve seen a number of chain restaurant locations fail recently. Given the dramatic drop in gasoline prices, that’s not a good sign, as you’d expect more spendable income.

[Traveler59]

Here in the United States, the dismal economic numbers continue to stun all of the experts.

Why does this 'stun the expert"? Those of us that are doing the daily grind just to keep our financial heads above water have seen this happening for the last 7 years. We don't have the money to go out and eat. Therefore the local restaurants are closing. Therefore people are losing their jobs. Homes are being foreclosed. New housing starts are looking up but new home sales are down (DUH!!). The economy sucks! Yet the experts are 'stunned'. Maybe they've been reading too much of the 'Lame Stream Media'.

[Grams A]

Understand FedEx is going to build a massive processing center in the burbs just north of Houston. Wonder if it will be staffed by robots or real people.

[Paladin2]

Who there voted for Hussein change?

[HotKat]

Experts need to be fired!

[ChessExpert]

“The last coal train to leave Erwin rolled slowly out of town just after at 3 p.m. Thursday, less than eight hours after CSX Transportation employees heard the news that rocked all of Unicoi County.”

That is what Obama wanted.

[CottonBall]

Erwin is right around the corner from me. This is a tough area to find good jobs.

I’ve been waiting for the crash for some time now.

[sport]

At least they got what they voted for. Obama said just before he was elected, “If elected, I will fundamentally transform the United States." He was elected by a majority vote. The media reported over and over that the unions and union workers not only supported him but voted for him and contributed to his campaign. They got what they voted for so why are they bellyaching?