Going through some of the early Thursday headlines regarding the economy, we see that unemployment is deepening and it would be hard to imagine the situation improving anytime soon. Eventually some daylight will appear, so hang in there.
The price of oil has dipped below $50 per barrel. This is shocking. We are going from inflation to deflation within a few weeks.
We know we are in "the" rough economic period. We don't expect anything from the present administration, nor do we want anything from the present administration because they are not equipped to handle the problem. One suspects that Bush is overwhelmed with inaction and malaise. His descent is consistent with his governance.
As an observer of the stock market, I would say one of the strangest sights I have seen today is GM stock hovering around $2 per share. Its not looking good for the big three especially GM. They could crash anytime now. Why would anyone want to buy a GM car right now unless the price becomes so reduced as to make the deal impossible to refuse.
Breitbart.com: New York crude prices sink below $50 line for 1st time in 22 months
skip to main |
skip to sidebar
4 feet by 2 1/2 feet acrylic paint on canvas
Jim Sande Music, Art, Social Media
'Tara Owl'
4 feet by 2 1/2 feet acrylic paint on canvas
Blog Archive
-
▼
2008
(2446)
-
▼
November
(238)
- Circle Dachshund
- Mumbai Attack Pre-Warnings
- Saber Rattling
- Get Used To It
- CNN: Obama's National Security Team
- Swiss Approve Unique Heroin Program
- Ocean Power
- Sun-Data
- Good Old War
- Shop Till You Drop
- CNN: Taj Majal Hotel Damage - First Look
- CNN: Mumbai
- TPMtv
- Retard In Chief
- The Air That We Breathe
- "Don't You Evah"
- Eat Blueberries
- Rove's Deluded Revisionism
- Poverty In The Suburbs
- CNN: Now In The News
- Iraq Violence 11-28-08
- Shopping Psychosis
- The Market On Friday
- Jive Samba
- Food Baby Day
- Obama - Thanksgiving Address
- Thanksgiving '08
- The Market On Thursday
- Stir It Up
- Attack In India
- Obama At The Food Bank
- Yes, There Is A Turkey
- Reinvesting
- Volcker To The Rescue
- Obama Set For Third Press Conference In A Row
- The Market On Wednesday
- Stardust
- Nikkei Opens Lower On Wednesday
- UFO Oh
- Bad Move
- Obama Plans Economic Rescue
- Rehab
- The Market On Tuesday
- Lazy River
- Obama's Economic Team
- Zakaria - Al Gore And The Economy
- Citigroup Saved, Stocks Surge, Obama's Team Accepted
- 188 And Counting
- Bush: Pleased With His Absoute Failure
- The Market On Monday
- Mad Rush
- 538 - Franken To Win By 27 Votes
- Resale Value
- Cash
- Bush Really Is An Idiot
- Housing - Worst Is Yet To Come
- SNL
- The Week Ahead
- Geither and Summers
- Haydn Trumpet Concerto, 3rd Movement
- The Worst Is Yet To Come
- Cut Him Loose
- Ray McGovern on Robert Gates
- Economic Downturn In Hong Kong - Buy A Rolls Cheap
- Obama's Second Youtube Address
- Obama - Two Year Plan
- Don't Dream Its Over - Live
- Afghanistan Surge
- Alien Planet
- Obama's Huge Decision
- Aliens On Mars and In The Treasury Department
- The Daily Show - Iraq Surrenders
- The Market On Friday
- Fly Me To The Moon
- Water On Mars
- You Don't Know Dick - Indictments
- Breaker Breaker - Elephant Down, Elephant Down
- 136
- Uncle
- Bully Bush Gets Snubbed
- Gulp
- Banned Food
- The Market On Thursday
- Fools Rush In
- Daily Affirmations
- Kennedy Assassination Observers
- Hitler Goes Into Foreclosure
- Chickens Stop Two Rabbits From Fighting
- Doodle Analysis
- Pakistan Violence 11-19-08
- The Market On Wednesday
- Mendelssohn Violin Concerto 3rd Movement
- Stevens Loses
- Cheney, Gonzales Indictment
- Another Democratic Senator On The Horizin
- Fundamental Health Care Issue
- Belief
- The Daily Show - G20
- The Market On Tuesday
- Shake It Babe
-
▼
November
(238)
3 comments:
The roller coaster ride continues. For anyone trying to live off the private economy it's scary times. For those with cozy Gov't jobs God Bless u and keep on spending because soon you'll be all we have at this rate. Then of course the rest of us won't be able to support all of u anymore and you'll find yourselves in the water with all of us. You see were all on the same boat and if we all fail so do u folks. You can kiss your jobs, benefits and med. care good-bye when we can't pay them anymore. Such is reality ...As an example of a failed State read about the sad history of the late great Soviet Union.
This is cruel and inhuman treatment of the humans.
Bush has gone into hiding. Nobody is steering the ship. We've got a few more months of this idiot and he's got nothing. And we are trained to somehow understand that he's got nothing and to accept that.
It's horrifying. A modern State like ours was needs a competent team at the helm 24/7. What we have is no one at the helm. The crew has abandoned ship with all the loot and set the ship adrift.
Post a Comment