Economy shrinks by 6.2%; Repo Violence; Minnesota loses 20,700 jobs

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Uploaded by on Feb 27, 2009

President Obama finally did something that I agree to:
-Ordered the withdrawn of tens of thousands of soldiers from Iraq
-19-month deadline for withdrawing "combat" forces
-most of them will be withdrawn by Aug. 31, 2010
-Unfortunately, we could still have as many as 50,000 until the year 2011
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/27/AR20090227005...

U.S. Economy Shrank 6.2% Last Quarter, Most Since 82
-more than economists anticipated
-Consumer spending, which comprises about 70 percent of the economy, declined at the fastest pace in almost three decades.
Bill Cheney, chief economist at John Hancock Financial Services Inc. in Boston SAID
There has been no evidence that the pace of decline is slowing at all, there are other shoes waiting to drop,
QUESTION: When should we start using the word DEPRESSION?
http://www.bloomberg.com/apps/news?pid=20601087&sid=arvmEfnEL1OI&refe...

JPMorgan Chase now says up to 14,000 jobs will be cut
http://www.newsday.com/business/ny-bzmerg276051258feb27,0,3829669.story

Report: Minnesota loses 20,700 jobs in January
-state has lost 75,000 jobs over the past year.
-Unemployment rate was 6.9 percent in December
*even the states will more education are starting to feel the pain
http://www.forbes.com/feeds/ap/2009/02/26/ap6101233.html

The Government is trying to save CitiGroup
-Treasury Dept. is converting $25 billion in government-held preferred shares to common equity
But thats if private investors contribute the same amount.
-third rescue attempted by the Federal government -- major aid package for Citigroup since mid-October
-bottomline: The government will own 36% of Citigroup
http://www.cnbc.com/id/29420036


Eastwood thinks political correctness has made society humourless
*I agree. Now obviously theres a line that should not be crossed, but I think political correctness has damaged the society in many other ways
*I think its made relationships and friendship more superficial
*I get the feeling that people never really speak what they mean
And when they do, people attack them.
*Im really sick of having all of these empty conversations.
*Example: Asian girl in the air force story
QUESTION: Do you think that people have taken political correctness too far?http://in.news.yahoo.com/139/20090227/906/ten-eastwood-thinks-political-corr­ectnes.html

Violence between repo men, car owners on the rise
-67-year-old railroad retiree, Jimmy Tanks, heard a commotion outside of his trailer 2:30 in the morning
-he grabbed his gun, found some guy messing with his car and opened fire.
-The other man turned out to be a repo man, and he also had a gun. Jimmy Tanks killed .
-Repo man, Kenneth Alvin Smith, since Tanks was killed, two repo men from Smiths company have been killed.
http://www.google.com/hostednews/ap/article/ALeqM5iaaQN6zDfZeaZR1atOK6LGsWrnf...

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  • don't you look dashing today demcad!

  • Reg,

    I believe that our government is doing a repeat of the cycle of 1929. They are forcing spending to force a depression, to force unrest, to force job losses to 25%+, to force a world war.

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  • you dumb jack ass he is doubling the numbers of contractors and building many more jails and bases more wars, bad economy. he is just a a front a sell out wake up you fool the zionists are destroying the economy and pushing us into more wars you putting a rope around your neck will not make you an educated person

  • It's an agenda that been in the making before we where born. No more middle class it will be the rich and the fucking poor (slaves). Shit is deeper than what you can imagine. Yes relationship has gone to shit for a lot of people due to financial reasons. (bottom line). People needs to wake up, why be with someone who has no job it was never love. Just financial security (not anymore).

  • No, I was calling you a nigger.

  • How do you know this? Where is your proof?  The country failed under President Bush. Not, Obama. By his inauguration, it was already too late.

  • Nobody deserves to be killed for doing their job.

  • I feel sorry for the repo-men and other people of similar professions. It's sad to see issues implode to the point of violence. I know it's been said before, but there are other ways.

  • Curious George never wore a suit. Grow up.

  • a monkey in a suit is still a monkey in a suit.

  • THEY TUK MY JERRRRRRRRBZ

    for real we need more independents, in congress

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