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Thread: US job losses hit record in 2008

  1. #21
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    PeteEU's Avatar
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    Re: US job losses hit record in 2008

    Quote Originally Posted by Maximus Zeebra View Post

    Now I live in Spain, here its fine, good weather, fine women, hot beaches, nice water temperatures.. I hardly notice the layoffs, except things are getting cheaper.
    Damn Islanders... its freezing here! So no hot beaches, women are covered up and water is cold..
    PeteEU

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    Re: US job losses hit record in 2008

    Quote Originally Posted by Maximus Zeebra View Post
    BBC NEWS | Business | US job losses hit record in 2008

    Look at that dramatic graph.. It wouldn't surprise me to see double digits shortly.
    U S and global money whores are doing a fine job selling our jobs to the lowest bidders.

  3. #23
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    Re: US job losses hit record in 2008

    Quote Originally Posted by PeteEU View Post
    Damn Islanders... its freezing here! So no hot beaches, women are covered up and water is cold..
    Hah, the other night it was below 10C! So cold.. But then there was sun and 22C the day after.
    We even had rain a few days in a row!!!
    Europe is illegally occupied by the US

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    Re: US job losses hit record in 2008

    Quote Originally Posted by Kandahar View Post
    Deficit spending makes sense during a recession. If the government decreases its spending at a time when businesses and consumers have already decreased THEIR spending, it will just make the problem worse.

    The economy needs an enormous stimulus package. Perhaps you don't realize how severe the situation is. This is no ordinary recession.
    I agree. A huge stimulus package is pretty much the only thing left to spur economic growth. Lower taxes by itself is not really an option in a recession like this because people would save much of the money and the saving would result in further contraction of the economy (the paradox of thrift). The interest rate has already been cut nearly to zero, so that's not an option either.

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