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..