GT500-07 Posted November 7, 2008 Report Share Posted November 7, 2008 The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, the government said Friday. It was stark proof the economy is almost certainly in a recession. http://biz.yahoo.com/ap/081107/economy.html Link to comment Share on other sites More sharing options...
David Hawkins Posted November 7, 2008 Report Share Posted November 7, 2008 It went up 3 Days ago because some people were VOTED OUT............................. Link to comment Share on other sites More sharing options...
REVENGE Posted November 7, 2008 Report Share Posted November 7, 2008 It went up 3 Days ago because some people were VOTED OUT............................. Link to comment Share on other sites More sharing options...
SexyStang Posted November 7, 2008 Report Share Posted November 7, 2008 I heard about this on the news this morning very sad and I get phone calls about a new layoff everday I also heard that Ford sales dropped 19%. Link to comment Share on other sites More sharing options...
brianspony Posted November 7, 2008 Report Share Posted November 7, 2008 What about GM also running low on cash. It does not look good, unless of course your Exxon/Mobile. They have more cash than they know what to do with and love to brag every chance they get. Link to comment Share on other sites More sharing options...
stump_breaker Posted November 7, 2008 Report Share Posted November 7, 2008 The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, the government said Friday. It was stark proof the economy is almost certainly in a recession. http://biz.yahoo.com/ap/081107/economy.html My Mom works for the State and they went from "if you work more than 40 hours you're fired" to mandatory 7 days a week 12 hours a day trying to process all the paperwork. First was the filings due to Ike now the recession. Link to comment Share on other sites More sharing options...
moabman Posted November 7, 2008 Report Share Posted November 7, 2008 What about GM also running low on cash. It does not look good, unless of course your Exxon/Mobile. They have more cash than they know what to do with and love to brag every chance they get. First, they are required to file quarterly reports. Last time I looked, your friend Barney Frank is the one to complain to if you want this requirement dropped. He'll probably do as good a job as he did regulating the sub-prime mortgage bundles that have crippled our economy. Second, oil has now fallen over 60% in the last 6 months. Go ahead scream for a windfall profits tax - at this rate there won't be a profit to tax. And last but not least - unemployment so high that it hasn't been seen in 14 years! By my math, of course it's probably not as sophisticated as that Massachusetts math of yours, that would place the unemployment rate now as high as it was during the second year of that economic genius, Bill Clinton's term. Link to comment Share on other sites More sharing options...
stormeaston Posted November 7, 2008 Report Share Posted November 7, 2008 When I come to work in the morning I'm always the first one.......................each day I worry if the doors will be locked up, things are not good, but I have a plan "B" just in case. Link to comment Share on other sites More sharing options...
gr8snkbite Posted November 7, 2008 Report Share Posted November 7, 2008 Makes me wonder if i should drop my retirement plans next year..... and keep serving. Oh what will the future bring.... Link to comment Share on other sites More sharing options...
shel-b001 Posted November 7, 2008 Report Share Posted November 7, 2008 I think unemployment will be at an all time high with -in a year, makes you wonder if the Shelby will be in production for 2011 the way the car industry is hurting. Link to comment Share on other sites More sharing options...
brianspony Posted November 8, 2008 Report Share Posted November 8, 2008 First, they are required to file quarterly reports. Last time I looked, your friend Barney Frank is the one to complain to if you want this requirement dropped. He'll probably do as good a job as he did regulating the sub-prime mortgage bundles that have crippled our economy. Second, oil has now fallen over 60% in the last 6 months. Go ahead scream for a windfall profits tax - at this rate there won't be a profit to tax. And last but not least - unemployment so high that it hasn't been seen in 14 years! By my math, of course it's probably not as sophisticated as that Massachusetts math of yours, that would place the unemployment rate now as high as it was during the second year of that economic genius, Bill Clinton's term. Do you not like people from Massachusetts? I didn't know we had our own math. I vowed never to attack anyone personaly on this web site no matter how far to the left some get. I come here to read other opinions and have some fun. I will continue to follow my principles here at T\S. Link to comment Share on other sites More sharing options...
INDYSHELBY Posted November 8, 2008 Report Share Posted November 8, 2008 Why cant the media and the goverment just say it. We are in a big recession no doubt about that then start to do what is needed to get things going the other way., Link to comment Share on other sites More sharing options...
Boss Doctor Posted November 8, 2008 Report Share Posted November 8, 2008 My business, (Dell), has officially admitted we are in an 18 month recession. Link to comment Share on other sites More sharing options...
David Hawkins Posted November 8, 2008 Report Share Posted November 8, 2008 I think unemployment will be at an all time high with -in a year, makes you wonder if the Shelby will be in production for 2011 the way the car industry is hurting. Maybe Shelby will BUY Ford. Link to comment Share on other sites More sharing options...
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