Bleak? Very! Unemployment now at 10.2%. Does that mean the stimulus bill has failed? If so, we need to regroup --- and quickly. If we are headed down the wrong path we need to be smart and have change course. ... read more
Small businesses have suffered greatly during our economic crisis and unfortunately, there seems to be no relief in sight. See how one small business owner is coping in our ON THE RECORD interview below:
... read more
I can't decide if we should remain patient... or if we are being stupid. I fear the latter -- being stupid in not changing course in our economic policy. My fear stems from the unemployment numbers (admittedly a lag indicator) and the words of the President's chief economic adviser.
I want our economic policy to work. People need jobs -- in many sectors of our population, ... read more
A GretaWire blogger - Jillian - sent me the link below. It turns out that there is more than the "cash for clunkers" program -- you can get government help (cash) if you buy -- hang on to your seat - a golf cart!!
So....while most Americans can't afford a country club membership (almost 10% don't even have jobs who want jobs!) ....the Government is shelling out $$$$$$ to help people buy golf ... read more
I see that the Senate Finance Committee had its vote while I was in North Korea. So...tell me...what do you think about the bill coming out of that committee? or the vote? and who voted which way? ... read more
(This is encouraging news .....while for those out of work, the economy is very bad news....at least this indicator below shows a different direction than down!)
WASHINGTON -- The number of new claims for jobless benefits falls to the lowest level since early January, as employers cut fewer workers.
The Labor Department says first-time claims for unemployment insurance dropped last week ... read more
We went on a mini road trip to the US Senate today and as we left, we passed the Senate parking spaces closest to the Senate (which I assume are the spots for the most senior members of the Senate or of the majority party???) I noticed the types of cars parked there......ordinarily it would not attract my attention, but with the government getting very involved in the auto industry, I thought ... read more
Here is what the Speaker released about the grim news today:
Pelosi Statement on September Jobs Report
Washington, D.C. – Speaker Nancy Pelosi released the following statement on the September jobs report issued today by the Department of Labor.
“Over the past few months, our nation’s economy has stepped back from the brink, but our work is far from over. As today’s jobs ... read more
Check out the number below - 9.8%! Yes, that number is dismal but that understates the problem. People who are so demoralized that they have quit looking for a job are not counted. If you look at particular categories like just the state of Michigan, the number is substantially larger. If you look at teens...or African American teens...it is even worse.
The unemployment rate rose to 9.8 ... read more
November 6, 2009 10:33 AM EST
10.2 %
Bleak? Very! Unemployment now at 10.2%. Does that mean the stimulus bill has failed? If so, we need to regroup --- and quickly. If we are headed down the wrong path we need to be smart and have change course. ... read more
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