Jobless rate well beyond 15% and rising fast. . . . Oh, don't even go there. I know what the Obysmal's machine tells you through the obedient slave media. 7. . . 8. . . 9. . .9.5% but they conveniently left out all those poor souls who haven't been counted because they are out of the system, funds gone. No extensions left. Actually the figure may be as much as twice the stated rate.
With a pandemic of layoffs and business closings, none of which have been tallied by the government drones, the jobless rate may be as high as 30% in short order. This does not look any better in Europe or Japan.
You might ask, if this is true, why aren't the masses of unemployed marching in the streets. The obysmal is not going to bail these people out. What about all of those snot nosed, wet behind the ears youth who are somewhat disillusioned. What? Busy downloading a new CD, twittering or what?
What about all of the military cycling out of their service. Anyone who is unemployed and not drawing unemployment benefits is not counted. June alone, the figure could be as high as 800,000 once you uncover the government's hidden unemployed. Double that by August.
It gets worse. No, really, rather than a light at the end of the tunnel, a locomotive picking up steam as she goes. The coming decrease in the government's count is not a fair-weather sign but rather a harbinger of very bad things to come. As 26 week benefits end for tens of thousands and eventually millions of the 9 plus million of unemployed, the government's count. . . . doesn't count them. Looks great on paper. Doesn't add up.
No jobs now. No jobs tomorrow. Maybe not for the next ten years. Government analysts predict a static growth rate. Tit for tat jobs created to jobs lost. What do you think they will do? They will not be spending dollars, that's for sure. They will not be traveling, paying mortgages, buying cars or gas to be sure, etc. They will be in need, grave need. If you thought the foreclosures over the last several months were beyond belief, just wait and see what happens now.
The government's response in the near future may be bloatulus II, but i suspect that this government's perhaps all government's responses, will be to cut and cut deeply. At first believing they may be able to slow or stop this train wreck but in the end, because there will be no money left to print more money or credit or goods etc. Every area of government spending will be cut, even ended. . . .well except for Senate and Congress' salaries of course.(not sure but I think they may have just given themselves another raise.) The private sector may look good in the short run, like Target or Walmart (come on, you know why) but that will fade.
My advice, consider your family, friends, those you love. Security and survival.
Remember, “Ignorance is the parent of fear.” Herman Melville, Moby Dick
I didn't even reflect how a natural disaster would affect this equation. Duck and cover.
FREEDOM ~ LIBERTY ~ LOVE OF LIFE~ FREE MAN~ WE THE PEOPLE!
