trader_murf

We Lost Half a Million Jobs! Hooray!

Thanks Fierman for stating stats without the spin. I feel like watching the media CNCB is like watching some big propaganda machine - green shoots my butt. I mean I hope they are right because I am a capitalist gal at heart. But reality around me says something far different and I know at least some of those 13 million referred to by our colleague "melpol" are deeply in credit card and home equity debt with that waiting to hit the fan. I don't even have to go into the housing sales up - all those foreclosures. Then there are bunches of us are like deer caught in head lights with increasing expenses (inflation? what inflation - must be a figment of my car insurer, mass transit and utilities raising rates). Also 300 million living well? Some of them working for half of what they used to make, working less hours, part-time, working for all benefits taken away. Employers are telling them be grateful you still have a job never mind a paid day off or health insurance. Then there are those who are completely lost to the discouraged workers stats but happy days are here again. Pardon my skepticism.