OCCOBRA_IHB
New member
So what happens in next year when everyone can not find a job other than Wal-mart or Fast Food runs out of benefits at about 500,00 a month. Why have i not heard anything on job incentives for employers to hire. Oh, sure there is the stimulus that is going to create jobs but unless you like to dig ditches or work construction i highly doubt this going to help and it is in increments of 50 billion a month for the whole nation but it is short lived and in another year the money will be gone then what? It is a small drop in the bucket. When they passed that bill they thought it would hold unemployment to 8.5%! Like me and many of my friends who are unemployed close to a year now there are no jobs that pay more than what you are making on unemployment believe me i have been looking a long time. And considering the cost of gas, laundry, meals, babysitting and meals if you can not help if you had a job there just is no jobs out there paying $20 an hour which is about equal to about what you need to make if you where going to get off unemployment at the top level and try to make it. Sure that state says $11.50 is supposed to be equal to your hourly benefits on unemployment but after they raised taxes on income and sales that figure may only work if you walked to work and could wear a t-shit and jeans and they fed you 3 meals a day they are on the pipe. So now you wonder why the phenomenon of people just staying on unemployment is it just does not pencil out as there are no high paying jobs out there nor being created . So now you have people who will eventually go back to work part time if it all after their benefits run out but they will be lucky to make a 3rd of what they used to make and will be working 2 jobs. So what will give? More foreclosures, car repossessions, less consumer spending, no medical insurance so more BKs and whole lot more people on welfare and food stamps which by the way are up 50% from last year. We are going to see some real hard time for years to come and we will survive it i am just tired of the term "bottom of the market" and "green shots" phrases as they are just lying to my face and i am going to slug the next A#%hole that says it. You tube Walstreetpro and there is this southern boy who in the beginning sounds like he does not know anything but when he starts talking about the economy and the latest facts he nails the truth and exposes the lies as he destroys Chinese products with a baseball bat. Rated "R" so be forewarned he curses a lot...
Article:
http://globaleconomicanalysis.blogspot.com/2009/07/500000-will-exhaust-unemployment.html
Article:
http://globaleconomicanalysis.blogspot.com/2009/07/500000-will-exhaust-unemployment.html