Economic Tip: Be Realisitic and Stop Waiting for a Miracle

The government has no idea how to deal with this economy. The problem is too big.

Economy sheds 598,000 jobs in January, most since 1974
-unemployment rate to 7.6 percent
-highest level in 16 years
-underemployment?
http://www.chicagotribune.com/business/chi-sat-economy-jobs-feb07,0,1169530.s...


As Layoffs Surge, Women May Pass Men in Job Force
-full 82 percent of the job losses have befallen men
-manufacturing and constructioN
-women will get hit when commercial real estate and retail tanks
http://www.nytimes.com/2009/02/06/business/06women.html?ref=business


California Scrambles to Prepare for Furloughs
-Gov. Arnold Schwarzenegger
-90% of CA's 238,000 state employees took Friday off. (MANDATORY)
http://www.nytimes.com/2009/02/06/us/06furlough.html?ref=us


Two banks in California, 1 in Georgia are closed
FirstBank Financial Services (GEORGIA)
-$337 million assets


Alliance Bank (CALIFORNIA)
-$1.14 billion in assets

County Bank
-$1.7 billion of assets
http://www.marketwatch.com/news/story/two-banks-california-one-georgia/story....{0ADB4918-43F9-46A3-8EDD-19A2503A81B3}&dist=msr_2

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[ANewDay2007]

I'm from Michigan too - and your friends are NOT lying to you.

It's getting even SCARIER here.

You have made the BEST decision to leave here. And I'm hoping to get the hell out of here soon.

[DEMCAD]

Please send me a private message.

Tell me a little bit about yourself. And tell me what's going on in Michigan.

[CaligalinLibrary]

Reginald- are you worried about the rumbling volcano up your way?

[DEMCAD]

Not really. I'm in Southeast Alaska.

[thirstybullet]

You aint lyin' there Reggie..... aint no miracles coming...... you're dead meat if you are waiting for one to come along. It's gonna get rough.

[downwithutube]

Looking good and talking straight! Dig the new haircut!

[xelha67]

America needs to go back to college because unskilled labor is no longer a reliable form of employment. State or government employment is not reliable. A science degree, primarily computer or medical, gives you portability worldwide. You are correct sir, there are no miracles. Bail yourself out with your brain and be self sufficient. This country is run by the bankers but they need nurses, doctors and computer geeks. If you can't beat 'em, make yourself valuable to them....

[lantyboy696]

prety much 3 years from this vid and still things are no better, if not WORSE here in the uk, sad sad times for us all

[prettylyricsmarie]

interesting how the average American, has all these cutbacks, layoffs, days off, etc. but celebrities are still making hundreds of millions...a lot of celebrities aren't getting the cutbacks the average American is...but what comes around goes around...seems like a lot of bad karma is out there these days...

[atrickpay11]

Crap man, you're voice is a lot deeper than I thought it would be by looking at your picture!

[ascian24]

1/3 of the working class population is UN or UNDEREMPLOYED -- that's approx 65 million individuals -- WE ARE REACHING THE TIPPING POINT!!

we need to save ourselves & become production oriented instead of consumption based -- growing food, building shit, using our own 2 hands & taking care of the basics before we're all sent to Fema camps!!!!

[DevilsCuz]

I think America is trying to make people lose weight! Bad economy = better weight lost! Americans are too fat anyways.

[aceyorba]

agreed 100% ....Government is way to large....time to trim the FAT

[DoranP900]

excatly. the government has no idea what they are doing. They are throwing money after money hoping it will work.

[Dankidus]

Studies have shown economonic rent (hiring government workers in pointless positions) is putting a stranglehold on most state budgets, but they will not cut them due to voter base and bureaucratic fallout.

[Andrewkeh]

Lazy state workers should be laid off!!!! Why should we pay for state workers that do nothing?????