Bend Over Rover....Private Sector DEAD!!!!!
Job Losses LESS than expected but Unemployment Rate HIGHER than expected????
Please.....we were expecting a 9% unemployment rate but got a 9.4% rate but somehow we are supposed to believe that FEWER people lost jobs than expected??
Let's get the facts straight....the ONLY reason we don't have 30% unemployment right now is that we have 30% of the labor force on government entitlements where we had almost NONE in The Great Depression.
And to keep those people on the government payroll and OFF the unemployment figures.....the government is going to need to borrow MORE and MORE.....until the governments borrowing needs will be so great that there will be NO MONEY left for the private sector. NONE.
We see it everywhere....Airlines, Autos, Building, Cessna, Developers, Engineers, Factories.....how far down the alphabet do you want to go?????
If you are in the private sector right now.....at the current rate of Deficits and the likely rise in interest rates.....the government will be the ONLY qualified borrower in America and it is very likely your company will go out of business.......
Prepare.....it is now here.....JUST WATCH INTEREST RATES for confirmation.
This is a positive post if you are a government worker!!!!!!!!!!!!!!!!!!!!!!!!