Comments on: CA: 8 Cities in Top 10 Unemployed

By: queeg

queeg — Fri, 03 Feb 2012 08:56:28 +0000

We are there….poor govenors did California in….only way out…UHAUL!!!

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Thu, 02 Feb 2012 18:13:49 +0000

Yes-we are deleveraging, and that means no growth from consumers.

If we had leaders with an IQ higher than a circus chimp we would have never gotten to this point.

By: Beelzebub

Beelzebub — Thu, 02 Feb 2012 04:18:44 +0000

The US economy can’t recover because the US economy depends upon the consumer to drive more than 70% of it’s activity.

Today the US consumer is too indebted to borrow and the banks are too insolvent to lend. As a result there can be no more debt expansion as a substitute for real income growth to drive the economy (like in the first decade of the 21st century).

Our economy has effectively been offshored. It’s over. The jobs have been sent across the oceans.

We are waging senseless wars and bailing out fraudulent financial institutions in a dead economy. The government must print more money to stay financed. Printing more money when the jobs have been offshored is the perfect recipe for an inflationary depression.

If Europe goes under first the stampede to the US dollar might delay this catastrophe for a year or so.

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Thu, 02 Feb 2012 03:24:58 +0000

El Centro at 27% and Yuma at 23%-that is so sad and pathetic.

At least our GED educated gov employees are still becoming millionaires.