"We are not well," said the patient.
"Say Ahh!" said the doctor.
"Ahhhh,gaggg" said the patient.
Looks like you have a good case of the Heebie Jeebie 3 ton Pink elephant in the room that no one wants to see virus!
This 800 billion shot in the arm should start the recovery process.
It will be painfull,and messy in the end.
I have made you appointments with Doctors Obama and Biden for November 4.
They will probably begin the process with an enema on January 20,2009.
But believe me it's for the best! Replied the Doctor.
The U.S. may be heading for its worst recession in at least a quarter century as the credit crisis forces employers across the country to cut workers and ratchet back spending.
Labor Department figures showed yesterday that payrolls fell by 159,000 in September, the biggest reduction in five years. While the unemployment rate held at 6.1 percent, that's up from 5 percent as recently as April. Some economists, including Goldman Sachs Group Inc.'s Jan Hatzius, said it may rise to 8 percent as the credit crunch hammers consumers and companies.
``We're in this self-reinforcing negative cycle,'' said Mark Zandi, chief economist at the West Chester, Pennsylvania-based Moody's Economy.com. ``It's going to be a very significant recession.''
http://www.bloomberg.com/...
Hey, the Federal Government is Hiring!
Treasury Secretary Henry Paulson is hiring as many as 10 asset-management companies to join the lawyers and bankers he is recruiting to kickstart the government's new $700 billion bank-rescue program. http://www.bloomberg.com/...
I would bet that you had to "know" someone to get one of those positions.
And Our manufacturing base, here in the U.S.???? Whats that all about?
China will overtake the United States as the world’s largest producer of manufactured goods by next year, according to forecasts by economics consultancy firm Global Insight Inc. done on behalf of the Financial Times.
China will account for 17% of the world’s manufacturing value-added output next year, versus the United States’ 16%, the FT reported.
http://www.moneymorning.com/...
I forgot, We lost our UNION'S back when Reagan turned republican and the middle class started it's slide into obscurity. Back in the 80's!
Obama / Biden will have there hands full in January,2009.
Even being the specialists they are, we will need to help them take our country back, rebuild the Unions, rebuild the manufacturing base, infrastructure, become the worlds solar panel producer and get our economy back on track.
Or do we simply fade away, because the heebie jeebie pink elephant virus took over?