The "Double-Whammy" to the economy: Jobless up, Consumer Spending down

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Uploaded by on Dec 25, 2008

Americans' incomes fell by a worse than expected 0.2 percent. It was the first decline since July and reflects in part the fact that more than 1/2 million jobs were cut in November as the recession deepens. It's hard to have an economy when so many jobs are being lost every month! Luke Chp.21:28- And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draws close.

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Uploader Comments (jimbonumber9)

  • Yes good video which speaks the truth of the economic situation! Jobs were moved overseas for one reason alone....for the greedy to take advantage of the differences in labour costs.

    I can not say I am a religious person but unless we get back to some acceptable and decent moral behaviour this world will never improve.One thing I do know is the government arent teaching us these basic standards in human behaviour as they are too busy lining their own pockets or running away!

  • Yes, greed has gotten out-of-control and has really messed-up the economic, political, and social systems of this world!

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  • Fantastic! I love the pictures of Jesus you get too! We need to prayer up as my deacon would say during these end times. I like how you say transition time. We are preparing for his coming and our "ticket" home. I hope to see you there my friend.

  • If you want to get ppl to bow to a global (false) religion, what better way is there then by utterly crippling local, regional, & global economic systems?

    It also becomes obvious that this scenario is carefully planned & executed by men who serve Satan (wittingly or otherwise).

    Indeed, this is all connected - and there is a lot more to this then meets the eye.

  • As I am poor, I now have no money to waste. Yet I have food & clothing. I now only buy what I NEED! There is the key concept: need.

    Do you NEED a new TV, Ipod, fancy clothes, etc.? Nope! Ppl must get used to the idea of only buying necessities & not wasting money. There is also a spiritual lesson in this!

    A merry & blessed Christmas to you!

    :)

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