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alstry (< 20)

It Just Keeps Getting Worse



February 25, 2010 – Comments (1)

As Benny The B tells you there is a recovery and the only ones bailed out live on Wall Street.

Eurozone Loans To Private Sector Drop Again In January

If you cut off lending to the private sector......pretty soon there will be no private sector.

We are selling half the cars we used to just a few years ago....and most of those are now foreign

We are building less than 20% the new homes we constructed not too far back........

Commerical Construction has come to a grinding halt all around the nation......

The ONLY thing holding America up right now is government borrowing $2 trillion dollars per year and spending much of it on health care, welfare, and war.......

What happens when government can't borrow anymore????  Welcome to the digital age.

1 Comments – Post Your Own

#1) On February 25, 2010 at 8:58 AM, alstry (< 20) wrote:

Another half a million lose jobs.... week after week, month after month, year after year......

Weekly jobless claims increase 22,000 to 496,000

Unlike the previous recession where there were large layoffs....this time the losses are not being replaced by employment in other sectors......practically every sector is contracting at the same time.

Health Care, Government, Technology, Construction, Financial Services and much much more.......

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