jobs market caving

ilkhan said:

Of course you don't get it. It doesn't make sense does it?? And if anyone who did get it tried to explain it to you you would say their a conspiracy nut. So whats the point?? It wasn't like nobody saw this coming. I think deep down most of us knew deep down that things weren't right. But the media said the DOW is at 14000 its all good.

While McSame was saying "the fundamentals of the US economy are strong". People Like Ron Paul were laughed off the Stage for suggesting this would happen. People Like to hear positive messages like "Yes We Can" and "Change You Can Believe In" People are looking for hope not a solution. Believe me the terrorists and jihadists are laughing their asses off at us. We spent our way into this mess fighting them and artificially bolstering our economy with funny money. Things are going to get allot more interesting.

If Obama is smart he will be the next JFK end the FED kill the CIA and remove us from other countries internal problems. He will stop borrowing money we can't pay back. But I think he will be the next FDR and spend us into oblivion.

We are at a cross roads in our nations history we will either do what made this country great and avoid government as much as possible or we will head into totalitarianism.

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After the war, despite the debt, the United States also experienced an economic boom, due to the devastation of the Napoleonic Wars. In particular, because of the damage to Europe's agricultural sector, the U.S. agricultural sector underwent an expansion. The Bank aided this boom through its lending, which encouraged speculation in land. This lending allowed almost anyone to borrow money and speculate in land, sometimes doubling or even tripling the prices of land. The land sales for 1819, alone, totaled some 55 million acres (220,000 km²). With such a boom, hardly anyone noticed the widespread fraud occurring at the Bank as well as the economic bubble that had been created.[4]
In the summer of 1818, the national bank managers realized the bank's massive over-extension, and instituted a policy of contraction and the calling in of loans. This recalling of loans simultaneously curtailed land sales and slowed the U.S. production boom due to the recovery of Europe. The result was the Panic of 1819 and the situation leading up to McCulloch v. Maryland 17 U.S. 316 (1819).[5]
Maryland adopted a policy to restrict banks, by placing a tax on any bank that was not chartered by the state legislature. This tax was either 2% of all assets or a flat rate of $15,000. That meant that the Baltimore Branch would have to pay this hefty tax. McCulloch filed suit against the state in a county court. The case made its way through the courts, all the way up to the United States Supreme Court, where the tax by the state of Maryland was ultimately struck down. Daniel Webster had successfully argued the case for the bank.

[edit] Bank's decline

By the early 1830s, President Andrew Jackson had come to thoroughly dislike the Second Bank of the United States because of its supposed fraud and corruption. Jackson then had an investigation done on the Bank which he said established “beyond question that this great and powerful institution had been actively engaged in attempting to influence the elections of the public officers by means of its money.” Although its charter was bound to run out in 1836, Jackson wanted to "kill" the Second Bank of the United States even earlier. Jackson is considered primarily responsible for its demise, seeing it as an instrument of political corruption and a threat to American liberties.[6] The head of the Second Bank during Jackson's presidency was Nicholas Biddle who decided to seek an extension of the bank's charter four years early, in 1832. Henry Clay helped to steer the bill through Congress. But Jackson vetoed the bill in July.

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misshestermoffitt said:

The state government of South Carolina is asking for a federal bailout so they can pay people their unemployment benefits. I guess they are out of money for the little guy but I'm sure the lawmakers are still getting paid.

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max420thc said:

the banksters are still getting paid..the auto workers are still getting paid..the insurance companys are still getting paid...the auto exec's are still getting paid......and the tax payer is getting soaked for it all...joe six pack is sooo fucked right now..alot of people's unemployment are running out and the next wave of foreclosures to hit the market ..of millions upon millions of homes is going to hit the chicago mobsters straight in their ass's

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FLoJo said:

exactly.. thats what i meant to add in whenever i said the large retail chains and their employees/managers/ceos go out of work.. huge buildings with nobody to lease them...

someone wanna go in with me on one and we can throw 30k lights in there?

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