It's Not Unemployment, It's FUNemployment! There's a bright side to being laid off, and these recent hobos can admit that there's a bright side! Like more time to oneself! Alot more time! [themorningnews.org]
Man Finds Super Old Message In A Bottle! It's like a Sting song come to life! A Spokane, Washington man took a stroll and discovered a message in a bottle from 1913! Oh, what could be inscribed on the 96-year old message? [kings5.com]
Tags: Barack Obama, Great News/Bad News, Jim Cramer, Recession, Unemployment
The good news is that Robert Reich says that we are no longer in a recession!
The bad news is that, according to him, we're now in a depression…
All this means that the real economy will need a larger stimulus than the $787 billion already enacted. To be sure, only a small fraction of the $787 billion has been turned into new jobs so far. The money is still moving out the door. But today's bleak jobs report shows that the economy is so far below its productive capacity that much more money will be needed.
This is still not the Great Depression of the 1930s, but it is a Depression. And the only way out is government spending on a very large scale. We should stop worrying about Wall Street. Worry about American workers. Use money to build up Main Street, and the future capacities of our workforce.
You should look at the positive aspects of this. Like, for example,you no longer have to worry about whether or not the country will fall into a depression.
Also, this is the perfect opportunity for you to see the country the way it was meant to be seen: from the inside of a box car.
(via Planet Money)
Tags: Economy, Recession, Robert Reich
Communist Hordes Heart Barack! Red China declares that relations between the United States and our Red Sugar Daddy have gotten off to a good start! Which means we still have a chance to sell them the state of Michigan! Everybody wins! [chinadaily.com]
Recession Over, Good Times Are Here Again! The Dow rose over 8,000 yesterday, the first time it's done so in two months. Wall Street was hysterical, only the good kind of hysterical! Pop the champagne! We can start flipping houses again! [yahoo.com]
America Is Awesome: Pizza And Beer To Your Door! This is how Texas deals with tough economic times: it's going to let a local pizza place deliver delicious, all-American beer along with a pie right to your doorstep! [newschannel10.com]
Tags: Animals, China, Great News/Bad News, Recession
Hey, remember that supposed "recession" that was supposedly going to happen that all you whiners were whining all about for the past year or so.
Well, it turns out that all economic experts were right. There's nothing at all to worry about. A recession is not going to happen. No way! Because the recession already started, like, a year ago or something…
The evidence of a downturn has been widespread for months: slower production, stagnant wages and hundreds of thousands of lost jobs. But the nonpartisan National Bureau of Economic Research, charged with making the call for the history books, waited until now to weigh in.
In a statement released Monday, the members of the group's Business Cycle Dating Committee — made up of seven prominent economists, most from the academic sector — said that the economy entered a recession in December 2007.
See? Don't you feel silly now?
I can't wait to collect on all the bets I made as soon as everyone I know gets some jobs.
Tags: Economy, Recession, Wall Street