Friday, February 06, 2009
Obama again warns of Disaster but it was too late to avert years ago!
Jobless claims at 626000 for the month of January break another record
Obama warns of need for stimulus bill right away
President Obama Warns stimulus package must be passed right away or we may plunge into a long lasting recession that may be irreversible. Take out the damn pork then and pass the Bill though it will not stop this still just developing Greenspan created financial disaster. That is not fear mongering on President Obama's part. Nor is it fear mongering on my part to say this is just beginning and will get a lot worse as this the second Greatest Depression continues! Wait until every city and every State declares Bankruptcy and asks for Bailouts!
All the way back in November we had the Biggest one-month job loss in U.S. since 1974 with 533,000 lost!
Then we lost 524,000 in December making this the worst year for employment since 1945 with Total 2008 job loss: 2.6 million
Then we heard there were Fears of a million layoffs a month in corporate America Business ...
* I told you Obama's dire warning of losing up to a million jobs per month if his stimulus package was not passed will happen anyway and it gets closer every month! That was not fear mongering just reality! Now Obama is warning of a prolonged recession we may not recover from if his package is not passed. That too is not fear mongering just reality and fact!
Centrists in Senate Push to Cut Billions From Stimulus
Cut the friggen pork and pass the damn Bill though it will not stop what is just beginning! Knowing this it still bothers the hell out of me that these childish Politicians some call our leaders just continue to play their usual childish games while the country goes down the tubes. They really do not care and it is sick!
It was a long ago foregone conclusion! This was written two years ago and The Second Great Depression set up by Greenspan was a given regardless of all these bailouts. at this rate the 10% unemployment Obama warned about is going to happen in about 6 months regardless!
They will do nothing but stave off the inevitable and speed up the bankrupting of America also set in motion by Bush. I have written it numerous times but I just want you to remember the great Depression and a couple parallel facts with this one!
** Remember it was the Republicans at the helm the last time this happened and while FDR's New Deal did a lot to bring us back and Obama wants to replicate it and it is necessary that it took WW2 to get us out of it!
**** It is important to remember as I have written about this too, too many times but Bush has laid the foundation not only for the bankrupting of America but WW3 to get us out of it or so they think!