Money Beat

Holy crap!

How much of this is really news versus confirmation in cold hard numbers of what we suspected was happening already. Is there a surprise?

Mr. Coffee, the most reliable new these days IS cold hard numbers.

Got to LOVE the way this 110th Do Nothing Democrat Congress has run the economy in the last two years.

Presidents............. run wars

Congresses.......... run the economy.

This Democrat Congress took their eye off the economy to conduct their daily "politicial lynchings" and endless votes of "US troop withdraws from Iraq" in 2007 (Does everyone STILL remember that?)

ALL THAT TIME LOST................................

Of course the liberal fascists that run our MSM wolfpack press will just blame Bush.........................

MISSION ACCOMPLISHED DEMOCRATS............clueless bunch on non-performers.

Thank God you have the liberal fascists in our MSM wolfpack press supporting you.

It''s amazing to see all the folks that have been contaminated by the 1930's Nazi style propaganda.
...............SAD

Do they publish numbers on how many of these job lost ended up in China / India ?

These companies need people to run their busienss. US job loss is Asia's gain...

If there are any reoublican's who belive that Bush ahs not been a total distater, about time to see the numbers.

As a token let Sanate impeach Bush and Cheney...

Barack will save US (Under Socialism!!!)

All work visas should be stopped, and all canadians working here is the States should be sent back. Canada does not let americans work there unless the company can prove that a canadian can't fill the job.

Can you say "Lower standard of living"
Sure, I knew you could.

I'd like to take this opportunity to THANK ALL THE GOP for a BANG UP JOB they have done this past 8 years (7 of which were even SUPER MAJORITY RULE) .... you had the opportunity to take this nation in any direction you chose... and well... here we are. THANKS GUYS! With friends like you, who needs Al Queda?

Am I the only one who noticed that even though the auto industry is on the brink of bankruptcy. They haven't announced layoffs, only that they "plan to" with a bailout plan.

Had enough, you have it all wrong. Thousands of Americans work in Canada for American companies under the NAFTA
agreement. And many more work in the oil patch under a guest worker program.
Canada is your greatest trading partner and supplies 21% of your energy needs.
How would you like to see thousands of your countrymen fired and sent home to swell your already untenable rate of unemployment?

It's Bush's parting gift to America. He tried hard to cover up the tanking economy over the past year, but the truth finally had to come out.

Please spare democratic congress the blame on this one. The economy was already in the tubes before they even got a chance. And you can't override vetoes with the numbers they've had.

Borrow, borrow, borrow, the new GOP mantra! Duck and cover when the creditors start knocking.

Dear Mr. or Mrs. perceptions,

After reading your post, I have to ask how much do you perceive your court selected president has spent on his "he tried to kill my daddy" Iraq war? Add that to the bail out money floating around and the stinking economy, I'm sure you will be singing praises to Bush's "mission accomplished" prsidency

"Got to LOVE the way this 110th Do Nothing Democrat Congress has run the economy in the last two years."

-------------------------------------

Yeah right, because the Republican congress was SOOOOO much better the 6 yrs preceding. Hmmmm.....makes you wonder why their GOP asses were voted out of office, doesn't it? Give me a break. I'm not going to say they're doing a great job, but I will say they've had their hands tied behind their backs and it's pretty tough to do business that way. Any bill GW doesn't like gets the almighty veto pen...and we've seen that, or the threat of that, happen, numerous times in the last 2 yrs. Maybe you should reserve judgement until you've seen what can be accomplished when you have a like-minded congress and President in office. I think it's clear Obama's top priority is the economy. Thankfully, not only is Obama himself a really smart and thoughtful guy, but he's surrounded himself with proven experts being praised by both sides of the aisle.

You can be bitter about where we are...we all are. But it's time to put the hating aside and pray for our new President. The one we've had for the past 8 yrs is little more than an idiot. It should be a huge improvement having someone in that office who knows his ass from a whole in the wall.

And don't forget the 3 loons from GM Ford and Chrysler who receive millions in pay and stock options wanting more of our money.

50 years olds are the target all across the country at the worst time for layoffs with their 401k's sunk.

The Rep and Dems let us all down and now they are spending our money on banks without any policies to track how the money is spent. So why do we need to spend more money on more failed businesses where executives get paid to fail??? They never get laid off, and if they do they don't care b/c they are multimillionaires.

What a joke this government is and what are we doing about it.

Stop blogging to each other and start sending messages to your representatives as I have.

With November usually has an increase in seasonal hiring (Christmas), this is down right frightening. Does anyone doubt that history will be calling this the Second Great Depression? With California now paying bills with IOUs, how long before states can't pay unemployment benefits?

nancy miller said "It should be a huge improvement having someone in that office who knows his ass from a whole in the wall."

___________________________________________

Dear Nancy, Please try to be a little more understanding about our President. I've seen Bush, I've seen my ass, I can't tell the difference either given how the same stuff comes out of both.

It doesn't matter which party you want to blame. Both are at fault. Its like two moochers deciding on who gets to pay a dinner bill. The two party system doesn't work, its based on two companies putting their employees in office to serve their interest and their friends interest. Like the auto industry, only now are their eyes partially open, only to have them shut when the economy balances out. Right now most of the blame is on the republicans, few years from now we'll blame the democrats for the economy.

I am convinced I have the answer to our economic troubles. This whole thing started with the real estate crises and must be fixed with real estate. This is not Harvard economics, it is 5th grade economics. It is simple supply and demand. If you get a thorn in your foot you do not get a neck massage, if your economic system is harmed by the real estate industry we do not need to bail out banks and their executives. We must create demand for real estate again and that will spark the rest of the economy including the automobile industry, banking, construction, insurance, manufacturing and everything else. The way to do this is by putting a zero percent capital gains tax on any piece of real estate purchased over the next 2 years (or some trial period) no matter when you sell it, 1 day, 1 week 1 year 10 years this property will be exempt from capital gains from this purchaser. This will get investors off the fence and properties will start moving again thus stabilizing the price making others eager to purchase and banks willing to lend. The government has nothing to lose and everything to gain because no one is buying and selling now anyway so there are no lost capital gains anyway. If this does not produce dramatic results like I am sure it will we can sweeten the pot a little by giving a 10, 20 or 30% tax credit on newly purchased real estate. Definitely a doctor, lawyer or others with a high fed. tax liability will purchase a property to help offset it.

I sure will miss Bush, his speech impediment, and his terror color codes (the red, orange, green, blue, black garbage) AMERICA, you had been fooled all along. Just now waking up to see the damage Bush has done to the country's economy and reputation. The mas who stole the presidency---he had no intention of serving the American people.

THE ELECTION IS OVER AND DECIDED!

Stop blaming this on politicians, it's our fault (collectively) that the economy is in the crapper. There is no wizard behind the curtain. What we need now is innovation, entrepreneurship, and enough free flowing capital (credit) to support it. I'm no fan of the incoming president, but if he can actually apply half of the programs that he has proposed, it might be a nice jump start.

Now is not the time for vitriolic political speech (comments) but a time for thoughtful risk and investment in American ingenuity.

god bless her son!
but it seems france is playing the fire!they are trying to hurt chinese and it seems chinese should punish stupid french

Those bickering about whether it's the Democrats or Republicans to blame need to wake up. The Federal Reserve, enacted into law under Wilson in 1913, is an unconstitutional and illegal cartel of international banks. They are the root of all economic woes perpretrated upon America since its inception. And as evidenced by BOTH parties (with the exception of Dennis Kucinich (D) and Ron Paul (R) and a few others) voting on behalf of the fraudulent bailout, BOTH parties are OWNED by the bankers. 95% of the people who wrote and called their representative demanded a vote against the bailout. What did 'bomb bomb bomb Iran' McCain and the false messiah, Barrack, do...they voted FOR the bailout along with the majority of the criminals in congress. Unless Americans cease the divisiveness and realize we're getting screwed by the false two-party system, the demise of this country is inevitable.

bail them all out, print money

- 205 & going lower..

you poor, ignorant americans ... this forum just proves beyond any doubt that you have what you deserve. your b.o. your deliver some more of the bad medicine you need. enjoy the nightmare that is coming your way. the best thing of all this is that, with most americans falling into poverty and/or maxing out their credit, you will stop coming to our countries as tourist trash.

All the more reason to work for yourself if you possibly can.

George W. Bush: Worst President Ever!

He should do the country a massive favor by resigning immediately (he's doing nothing anyway) and then never show his face again. Just disappear.

Good grief, Im starting to see that more and more people are blaming the DEMs or the GOP instead of just blaming government! Whats wrong GOP supporters, cant see any fault in your precious party? Same with the democrats..cant see anyhting wrong with congress? What happened to us just hating the government all together? It seems we've done a classic turn on ourselves in a time we should be coming together! No I didnt vote Nader either. People need to get over the election and get on with it!

We have to revolt and get a complete new CONgress. Or we can all kissyourmiddleclassassgoodbye.us

The NAZI Fascist Bush Crime Regime
The Republican NAZI Fascist Party Supporter
Can Not get it Through Their Heads

The WHOLE World Knows
The Republican NAZI Fascist Party
They Have Been - EXPOSED - For WHO they Really Are and
WHAT they Really Are ! ! !

EMISSARIES of That -

That is :
THE DESTROYER - of - WORLDS

JOB DESTROYERS __ WAGE PACKAGE DESTROYERS
WORKING MIDDLE CLASS AMERICA DESTROYERS
FAMILY UNIT DESTROYERS __ HOME OWNERSHIP DESTROYERS
ECONOMY DESTROYERS __ CREDIT DESTROYERS
DEMOCRACY DESTROYERS __ CIVIL RIGHTS DESTROYERS
WORLD PEACE DESTROYERS __ BANK DESTROYERS
INVESTMENT DESTROYERS
UNITED STATES SOVEREIGNTY DESTROYERS
UNITED STATES INDEPENDENCE DESTROYERS
WORLD ECONOMY DESTROYERS
WORLD RELIGION DESTROYERS

ECONOMIC STRIFE That is Being used as a Weapon to :
ELIMINATE a DEMOCRACY and REPLACE IT With :
The Totalitarian Dictatorship of : A NAZI FASCIST RULE
Against : The Populace of the United States and
The rest of The World

Any Corporation or POLITICAL INFLUENCE __ That has Supported and Assisted in :
The Achievement of : PURPOSELY and INTENTIONALLY
DESTROYING : The DEMOCRATIC INFRASTRUCTURE and
The ECONOMIC INFRASTRUCTURE of The United States is an :
Act of TREASON

The Republican NAZI Fascist Party Supporter - Representatives of :
The Peak and Pinnacle of : WICKEDNESS - IMMORALITY and Everything
That is - EVIL - In The World

thank you Steve and Greg!

lastdance is playing too much world of warcraft. haha

The real problem is with worker compensation. The few at the top are way over compensated and the many at the bottom are barely getting enough to get by on. This "trickle down" attitude is the main contributor to our economic woes. One man/woman or family for that matter can only own so many homes, cars, planes and etc, before they run out of stuff they want or need to buy. Then all that money they are making begins to pile up in the banks and as they say the rich get richer. We need to rethink how we pay our workers so that the money gets circulated more efficiently in this consumer driven economy.

To Nancy Miller, One who knows his ass from a hole in the wall will not appear in black skin!

That is nothing compared to what will happen if a bail-out of the "Big 3" is not provided. People have no idea of the repercussions to not only the auto industry, but of the domino effect that will occur in businesses throughout the country.

Yup, gotta love it. Democrats were busy lynching the Bush Administration these past 4 years letting our economy go down the crapper! And I am now seeing that the Democrats are beginning to see the real picture of what is going on in the world (now that they have been briefed). They are retracting some of their pledges.....oh how interesting this is....how interesting. Just curious to see how Hillary will be doing - watching her hubby go after the interns...once again. Kinda scarey thinking about her and her anger in the position she now holds.....LOL.

Nothing surprising to me that the Unemployment jumped that high. I have been out of work for nearly 16 months and things are only getting worse as it goes along. After my last 7 weeks of EUC Benefits I will end up on welfare. God Bless America!

***** Other Way ****** Tourist trash? Why don't you tell us what country you are representing? America has been bailing out countries like yours for too long. Without our money - your country would be having financial problems. And, we are not tourist trash - without our money where would your country be? Possibly your anger is not needed on this blog?

The whole of this "unemployment plague" is yet to play out. Within months the unemployment rate will be almost 15% and violent crime will rise to epic proportions. The American "standard of living" that includes a house, two cars, and 4 TVs is about to end.

I am confused! I am married with 5 children including 30 year old twin sons (on their own), 12 & 10 year old sons and a 6 year old daughter with Autism.
I was raised without the "perks" in life other than loving parents and a loving family.
I finally found my "break" in life after opening my mortgage business in 2003. Due to extensive therapy needed for an Autistic child, all of my earnings and savings went to therapy and "survival" over the past 2 years.
We are struggling and have lost our home. Why are these "bail outs" being given to major companies when there are so many of us needing small financial assistance to make ends meet.

This recession will be especially acute because over the past twenty-five years we moved our manufacturing off-shore and became a service sector economy. The remedy begins with jobs. It's not a credit solution because we have an economic crisis of confidence. Credit can't fix that.

There goes the market ! Get Bush off the TV !

God Bless America!

Gotta Luv it - LOL..your a MORON. How did you come up with that from a name & a one liner ? Think before you type. Wow.

I usually do not read the comments due to the emotionalism and foolish comments one would find in a bar, after a couple too many. Some comments are good and thought-provoking. The thought-provoking comments are certainly worth reading.

Unemployment rate increasing. I cannot believe anyone enjoys reading those numbers. News agencies are like anyone else meaning if a job can be accomplished the easy way then do it. The issue is those news reports are not doing the job. How many U.S. jobs were an exchange of an American employee for an overseas employee? Important information that would involve effort. Everyone knows many times it is not what you read but what you don't read. Each individual needs to put the effort into finding the answers to their questions. Please do not be a person who believes all what they read or listen to all what a politician says.

I am a hardcore democrat and the democratic congress has dropped the ball seriously. $700bil. bailout did not control CEO pay. I investigated the bill and due to lobbying of CEO's there are so many loopholes not a single CEO needs to be concerned. Why are banks investing money rather than working on the loans the bailout funds were intended to invest into? Because the bill that passed had language unrestricted to impose anything upon the banks. Otherwise the misuse of the funds we have alread seen, the government could insist upon the return of the funds with interest to be offered to a different lending institution. The language in the bill is simply not present. Read the bill yourself. I believe the passage of the bill was only a failed political ploy to increase consumer confidence.

Should President Bush be impeached? Let's see, breaking promises to the American people, lying and hiding information to Americans and Congress, torture, illegal holding "prisoners", wiretapping, reading e-mails. If I was President I would want to prove to the world the accusations are false, appoint a tough indipendent council. If the accusations above are true then the question is if a President who swore to support and enforce the Constitution is a criminal. A conclusion is not if a law was broken (I do not mean a law passed by Congress in violation of the Constitution that would not stand-up to the Supreme Court) then we need to ask if the President, administration, is above the law? The Nixon pardon told American a President is above the law. Every American want's to believe the law has the same force and effect on every American regardless of a position in society. How can American believe in anything if we cannot believe in our Constitution.

Ouch. That is a lot of jobs.

I don't think it takes a genius to see that if you want to stimulate the economy you don't give money to financial instutions that are going to do nothing but pay themselves with it first, give it to the average working taxpayers who are the ones that are going to pump that money back into the economy. The banks would still make money when these people catch up on their mortgages due to back interest and all late fees, the auto companies wouldn't need a bailout because their sales would go up and jobs would be created because there would be a demand for goods and services again. I'm not a politician, and am proud of that fact, because once you take an elected office it seems that the ability to think rationally flies out the window.

"My God, such as the economic crisis, looooook, handbags are not worth www.handbagsjobber.com" Excuse me, you, I see only good news would like to share.Merry Christmas everybody