(Sandwich Board says. "Almost Homeless.")
Posted on 11/22/2008 5:25:47 PM PST by Diana in Wisconsin
Edited on 11/22/2008 6:58:54 PM PST by Admin Moderator. [history]
Businesses cut prices at a record rate, and builders started fewer new homes last month than anytime on record, according to new government data, as the outlook for the economy continues to dim.
The data helped spur another terrible day for the stock market Wednesday, as did a projection of more hard times ahead by leaders of the Federal Reserve. A serious recession now appears all but assured.
(Excerpt) Read more at madison.com ...
(Sandwich Board says. "Almost Homeless.")
Boy do they!
Hate to say it, but we might be needing something like the Civilian Conservation Corps soon.
Way better to have something like that going than have a young mom or whatever getting murdered when she leaves the store with her two bags of groceries.
And the country could use alot of infrastructure improvements.
Obama and his Obamacorns are going to make it “deeper” than it needs to be.
Back in the day those CCC camps were commanded by an Army captain and one or two NCO’s. The CCC workers pretty much ran things with minimal supervision. Do you think today’s 18-19-20 year olds could do that?
Yeah....Obies “home boys” are really going to LOOOOVVEEE working for the CCC....uh huh....
Don’t be thinking like a Dem. That’s what Obama proposed this AM on that radio address.
You are nuttier than a fruitcake.
“Obama and his Obamacorns are going to make it “deeper” than it needs to be.”
I agree.
I think the motivated ones could. And when the SHTF, it wouldn’t surprise me that some of the I-Pod crowd will wake up and smell the coffee.
There is always a sort of generational dynamic going on where the yutes think the elders are washed up and the elders thing the younguns are worthless.
But in fact it’s probably percentage wise about the same for each generation.
Nope, not a chance the CCC will do anything long term. We need private investments.
The problem with all these “New Deal II” things is they all end in the same place, when done, it’s back to the unemployment line. Ask FDR how.
You want housing fixed, zero out cap gains, especially for houses and add deductions for rental. You want factory jobs, reduce the corporate tax rate.
You want long term misery, then the CCC is for you.
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>The most pessimistic of 17 Fed officials expects joblessness to rise to 8 percent at the end of 2009, which would be the highest in a quarter-century.<
Unless Paulsen and Bernie get off their asses, unemployment is going over 10% and that’s guaranteed! We need to steady the base of the financials. Rock solid steady, not this California quivering type of steady which is what we have now. Industry doesn’t know which way to think.
The market is going to keep falling week by week until we get a solid base.
Similarly, weak construction numbers -- housing starts fell 4.5 percent...
This says that we were less than 4.5% above the number of new home srarts in 1959! Even though the population of the country is much greater and much wealthier? I call BS!
Well, realistically, now we have the government bailing out the banks and the various industries.
That basically means the government owns them.
The book definition of socialism is “government ownership of the means of production”
We already have that.
Now when the bums walk the center medians with sign stating “Will Work For Food” during rush hour they will mean it with reason.
The liberal wicked, satanic mediaWHORES created this fiasco for the sole purpose of electing the BLACK messiah...now WE our country and grandkids are going to have to pay terribly for their evil hellish deed.
The consumer price index, a broad measure of inflation facing U.S. households, fell 1 percent in October, driven by an 8.6 percent decline in the price of energy. But the falling prices were considerably broader than that; excluding food and energy, which are volatile, prices fell 0.1 percent, the first monthly decline in that "core" price index since 1982.
90% of the decline in prices is food and energy. So, Oil Companies are slashing prices to sell product, but no one else really is...
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