Depressedallready

Unemployment Data: Healthcare, Government Prop Up a Gloomy Picture

The old saying goes..."If you think this is bad.... you haven't seen nothing yet, baby!" This is just the tip of the iceberg! I predict that by November, the unemployment will probably reach 9.5% or 10.0%! This recession (or JUST the beginning of another Great Depression!), is different than the recession of the 1970's which took about five years before our economy got back on its feet! Back in the 1970's we didn't have the depth/degree of greed/fraud in our banking/lending/mortga... industries! And our US Government has taken over Fannie Mae/Freedie Mac to stop our economy, and probably the world's economy from divebombing into a massive Great Depression, or so they say! The next scenario is WHAT other institution or institutions will our Government play the role of "the Great Rescuer?" Our government preaches, "Let the market forces carry on and work." But their hypocracy broadcasts another message and that is "rescue the mega-institutions, the mega-corporations ONLY," and let the market forces work for the middle-class and newly start-up businesses only! The continual action of our government to rescue those greedy institutions that are now going bankrupt will have a legacy of unbridled debt to the present and following generations to come! Stagflations? I doubt it! How about a continual slide of unemployment and a recession that mostly resembles the Great Depression! Have you noticed that the majority of the job losses are in those areas which previously were high-paying jobs and mostly were filled by men? Those jobs that are holding their own, namely, the health care fields and education are primarily filled by women and women, as a whole gravitate towards! Except for the teachers unions, that seem to get their perks/pay raises after each strike; no other union in which women belong to have that much power/influence! Wages have not risen in the past five years and will continue to stay flat in the next five years! Back in the recession of the 1970's the economy wasn't based or gambled on through risky credit practices such as junk bonds or packaged mortgages for poor credit risks. It goes on and on....Greed knows no boundaries and the greed of many institutions, and corporations are just beginning to be examined and published in the newspapers and the internet! The mismanagement of funds and the high risk taking of putting everything into one basket, ie. junk bonds is JUST about to come out to public scrutiny! Baby! YOU haven't seen NUTHIN' YET!