One in Five Homeowners Underwater; Banks Need More Money; Bright Spot in Economy?

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Uploaded by on May 6, 2009

BofA and Citi need capital as stress tests results loom
http://finance.yahoo.com/news/BofA-and-Citi-need-capital-as-rb-15148699.html?...

More than one in five homeowners underwater
http://finance.yahoo.com/news/More-than-one-in-five-rb-15145010.html?.v=6

Schwarzenegger says 'time for debate' on legal marijuana
•a recent Field Poll showing that 56 percent of registered voters support legalizing and taxing marijuana to raise revenues for cash-strapped California.
http://www.sacbee.com/1095/story/1836403.html

ADP Says U.S. Companies Reduced Payrolls by 491,000
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUZkFqgdAnBo&refe...

Bright Spot in Downturn: New Hiring Is Robust
http://www.cnbc.com/id/30598929

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  • I think the economy is on the mend, but even if I was wrong and it never improved, job losses would eventually level off. Just survival of the species guarantees a certain level of jobs needed. Pot! I think the recession would end overnight if legalized. However, I'd like to see it only ok for posession and for sale; but maybe a three strike deal for distribution to minors and no smoking in public. bottom line- I've never heard of anyone on weed act as crazy as I've seen drunks can be.

  • Yeah, but when would it level off at?

    "I think the recession would end overnight if legalized." I doubt it.

    "I've never heard of anyone on weed act as crazy as I've seen drunks can be. "

    So true!

  • I don't understand the restaraunt increase in jobs either. Maybe people are spending less on retail and feel they "need" to "treat" themselves. The fundamentals have not changed. These people frequenting these establishments are using plastic to pay not savings. tic tic tic tic tic tic tic ....BOOM!

  • Restaurants are gearing up for the summer. When the weather is nice, more people want to leave their houses. And that means more people going to the restaurants.

    Unfortunately, you need money to eat out, so most of these people will be relaxing at a park.

  • 1751 subs now DEMCAD!!! nice!! do you ever just sit back and picture the audience that you're speaking too...like that's a big audience...u would fill a large auditorium with people!!

  • No. But I'm very happy with my channel. I'm glad that people are responding to my videos.

Top Comments

  • Macdonalds hiring but you need a four year degree with experience: (

  • Well after all, Jesus is the creator of the universe. I can't think of anyone more qualified. Before you start telling me how there's no such thing as Jesus and that I should think outside the Bible, I am a student and teacher of Bible prophecy and know things that would make your chin hit the floor. I was a pot smoker and did 6 years in prison. I've seen both sides and can assure you that Christians are definitely on to something here. Christians aren't perfect, just forgiven. Chow.

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  • See NWO Solution

  • Exactly, in HI there is a hiring freeze on the entire state, including the Uni.

  • If they get more money from legalised pot the states will just piss it away. When I run low on cash I adjust my spending. The Govt  cant control its own finances. Do we really want them running health care?

  • Part of the debate means hearing the other side.. this is tough because if someone told me I couldn't drink alchohol, I'd want a good reason, even better than saying its bad for me. The reason I don't drink is a personal choice, about family, and community.

    The way to keep people off drugs is community, family and the individuals choice, throwing people in jail doesn't work.

    The real gateway is the criminals who sell it, they have harder drugs, you shouldn't need to hang with them to get it.

  • I mean, come on, the whole countrys been running on credit for years, it should be our strongest industry!

    If these banks were in cahoots with the government, getting hundreds of billons if not trillions from the tax payers would be a damn good motive to lie. And like everything the government spends money on, they get something back.

    All this money, gone, with no accountability?

    And their still in trouble? What happened to posted profits of last month?

  • I know that,s what their pushing, sorry, I'm just not buying it, when I say they make billons, I meant per year!

    Where's all the money they made for all the good years?

    Most people have Credit cards, probably somewhere around 200 million paying 3% percent of everything they buy, 5-34% interest on everything not paid off, and huge charges for those that are late or overdrawn or whatever.

  • What they are not telling you about new jobs is that they are mostly low paying or part time jobs. The majority of people are having to accept lower pay. Too, we all know that commercial property is next to fall not counting all of us home owners under water. How can these idiots say that things are getting better. All we can call that is Fasism because the only ones doing better are the rich which is the intent.

  • I live in a house in sacramento built in the 50"s. It cost around $5000 to build. The owner my landlord lives with us, she paid $290,000 six years ago. 1200 sq. ft. This is reason we have such a financial problem, this is ridiculous. Property isnt this valuable. It was inflated hugely and wrongly. Minimum wage hasnt even come close to keeping up with inflation. They have been killing middle class america for some time now and now we see the result. Imagine that!

  • I work at a NYC college and there is a hiring freeze.

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