The DOW lost about 350 pts in the last 2 days. The Pravda-like media claims that Europe is causing it all! heh. 😀 The Fed government is borrowing $0.40 for every dollar they spend and is deficit spending is 10% of GDP. Everybody knows that without the ZIRP, borrowing, bailouts and zero interest loans for the TBTF’s that we would be in the middle of a deflationary depression. The able-bodied labor participation percentage has been stagnant at about 55%-58%. Millions have simply given up the job search. When people don’t work they don’t pay income taxes. That puts more pressure on the shrinking labor force to support the rest. Student debt has topped $1T. These people think that they can hide from reality by going to school for a few years – and after they graduate there will be jobs galore. It’s called denial. Which means millions of debt slaves with no income to pay off their debts = more money printing and borrowing until the bond markets blow up.

There’s only one way to fill up the hole – tax more or spend less – and either way GDP takes a hit. There is NO WAY AROUND IT.

But they will continue to treat the pain with powerful analgesics until the cancer invades an organ or two and the lights go out.

The media and the pols fully understand the mess we’re in. The majority of the American public will be the last to know.

Break out of your denial.

I would also call the H-1B VISA program a major form of underground labor, bringing in foreign engineers and the like to work for 50% of what the US Market rate is-while displacing American workers. And that is 100% BIG Business, like Microsfot, Qualcom, GE and tons more…..

Yeah, as a matter of fact they did. By bribing the politicians to ensure that immigration laws and labor laws were not enforced.

That’s precisely the reason that E-Verify has hit so many roadblocks in both the state and federal legislatures.

Break out of your denial.