Ouch...this is bad!!! These are the current unemployment numbers and do not include the new "planned" layoffs by companies like Citigroup.
On the other hand, its probably the best time in the world for GM to go tyhrough Chapter 11. Any lost production during the bankruptcy process will not have an affect on the auto market because there simply is no auot market. If they make it through Chapter 11, GM would be well positioned to make hay when the economy recovers.
1 posted on
11/20/2008 5:47:35 AM PST by
NRG1973
To: NRG1973
New claims for unemployment benefits jumped last week to a 16-year highHope and Change, baby! Hope and Change!
To: NRG1973
16 year high? This would make President Bush, just as bad as his father... Now it’s both their fault!
3 posted on
11/20/2008 5:56:01 AM PST by
Dixie Yooper
(Ephesians 6:11)
To: NRG1973
Maybe “unexpectedly” to the AP, no surprise to the rest of us.
4 posted on
11/20/2008 5:57:34 AM PST by
PCBMan
(Drill! Drill! Drill!)
To: NRG1973
how is 10,000 jobs “much higher” when speaking about numbers like 515,000 ?
6 posted on
11/20/2008 6:00:30 AM PST by
Porterville
( I have come here to chew bubblegum and kick ass... and I'm all out of bubblegum)
To: NRG1973
W’s legacy continues to grow.
7 posted on
11/20/2008 6:01:19 AM PST by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: NRG1973
Michigan has successfully exported our economy to the rest of the U.S.!
Too bad we cant make a dime from that either.
8 posted on
11/20/2008 6:03:38 AM PST by
VanDeKoik
To: NRG1973
The Obama Market rolls on.
9 posted on
11/20/2008 6:06:15 AM PST by
Kleon
To: NRG1973
The Obamanation reacts to BHO’s selection on 11/4/08.
To: NRG1973
And what’s the population now- about 10-15% higher than in 1992?
15 posted on
11/20/2008 6:18:01 AM PST by
petercooper
(1/20/13 - Change I can believe in.)
To: NRG1973
Obama — Hope and Change is correct. The hope was that he hope you wouldn’t know that the change he had was to a GOVERNMENT CONTROLLED ECONOMY!!
To: NRG1973
Its a depression. Hope I have enough money to buy enough ammo.
23 posted on
11/20/2008 7:48:46 AM PST by
Sig Sauer P220
(Thanks to the robber barons in D.C. and on Wall St. I've been forced to become a minimalist.)
To: NRG1973
How can this be unexpected. With capital investment shrinking by the second, why would companies do anything but lay off? We're about to witness how moronic "building the economy from the bottom up" truly is.
To think educated people bought that line!
To: NRG1973
So all good news under GW was “unexpected,” and now all bad news since The One hs been elected is “unexpected.” Nah, there’s no media bias...
26 posted on
11/20/2008 8:19:14 AM PST by
piytar
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