Comments on: Latest Stats Confirm Battered Economy

Reports Show Recessionary Unemployment, Declining Spending And Decreased Production

[talk2chief]

I am amazed at all the qualified economic geniuses on this post. Truly we are blessed. However, I ask this simple humble question. Who provides real jobs, the government or the private sector? Think hard... labor is just as greedy as the corporate boardroom. Granted the scale of greed varies, but greed non-the-less. I support economic Darwinism. If you fail, you fail.. no taxpayer funded bailout. From the ashes a Phoenix will rise, called American ingenuity and invention. That is, if we have not already become too lazy. We made our bed, time to swallow the pill, time to knuckle up and chip in, whatever clichi trips your trigger, it''s time to go back to the drawing board, and I would start with becoming a leader in alternative fuel sources.

[flsunjnky]

Someone seems to be missing the point a bit. They can free up credit etc. but if you don''t have a job, you can''t use credit anyway. Concentrate on the obvious!

[whitemale08]

How is this news?

We''ve been telling you for the last 8 years that the economy was terrible.

Only idiots believed that ''debt growth'' was actually ''economic growth'' or instead of wage increases you could apply for ''home-equity credit-lines''.

I''ve got news for CBS and the rest of the media:

DEBT GROWTH IS NOT ECONOMIC GROWTH!!!!!!

HOME-EQUITY CREDIT LINES CANNOT REPLACE A GOOD SALARY!!!

DEBT IS NOT WEALTH!!!!!!

DEBT IS NOT PROSPERITY!!!!!!!

QUIT SAYING THAT AMERICA IS PROSPEROUS WHEN WE ARE FLAT BROKE!!!!!!1

[glenn_lewis]

GOT SOME NEWS FOR YA DEAR. THE REASON THE NUMBER OF PEOPLE CLAIMING UNEMPLOYMENT BENEFITS DECLINED IS BECAUSE CHECKS HAVE STOPPED. THE EXTENSION IS NOT YET IN EFFECT!

[irmcvet97]

Nice idea, but Big Money says no. Bye-bye idea.

Posted by DeckardBR at 11:55 PM : Nov 26, 2008

Why? Because the Greedy say NO means what to me. We have just trashed, tossed out the "Trickle Down" Republican''s haven''t we. Now we can send the Democrats, who are much more in line with the Working Guys attitude, a message. Get it right or we''ll find someone else.

[boycottchina]

WE DON''T WANT LOANS!!
WE DON''T WANT MORE DEBT!!
Giving trillions of OUR dollars to bail out Wall Street billionaires does NOTHING to help the American people!
Washington is simply making good on the Wall Street bribes that put them in power!!
BOYCOTT CHINA!
BUY DOMESTIC ONLY!

[boycottchina]

Consumers buying foreign made goods comes home to roost!
CONSUMERS not Washington have the power to CHANGE the economy.
With consumer spending making up more than 65% of the economy, it''s time to boycott ALL foreign made goods!
Every day another US factory moves to China!
Taking with it tens of thousands of AMERICAN jobs!
And in return we are given shoddy,poisoned and over priced imports!
Stop this madness before it''s too late.
Washington will NEVER do ANYTHING to help the American people.
They are on the payroll of US companies who are moving to China.

[mikezembill]

The goverment thinks that they can keep feeding the Ameican people horseshi! one spoon full at a time until they feed you the whole load and until the American people stand up and say enough is enough it will never stop.

[mikezembill]

It may take a civil war in this country to get congress to understand how the middle class are hurting. All they do is talk S-H-I-T all the time and try to make you think they know if you took all there money away and they had little to nothing they may understand.

[mikezembill]

We need to balance trade one way or the other with what ever it takes the American people need to stand up and be counted. This will not happen when the person next door does not have a job it is a recession when you lose yours it is a depression and we are as close to a depression as we can get with out being in one why do you think the big banks are holding the money that the taxpayer gave them?