Economy on the brink

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Mar. 7 - More job losses in US pointing to further weakness in economic outlook. U.S. employers unexpectedly cut jobs in February at the steepest rate in nearly five years, a second straight month of employment losses that heightened fears the world's largest economy has skidded into recession.
Deborah Lutterbeck reports.

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We've seen NOTHING ... ( 7 months ago by KARStarla)

We've seen NOTHING YET, want to watch the most informative videos on the net of whats only started in America?
Watch this
"Syndrome of control" by Lindsey Williams
Then after watching that PLEASE INFORM OTHERS SO THEY KNOW

come to michigan. ... ( 6 months ago by mungcray)

come to michigan. the shit is real bad here. you have no idea!

George bush is ... ( 6 months ago by Xakryn)

George bush is optimistic about the economy, doesn't that tell you something right there?

Home prices do not ... ( 5 months ago by kng863)

Home prices do not reflect realistic incomes and employment levels. Enough said. The recession is gonna last for years especially for those who built McMansions in middle class neighborhoods. Way to go with giving huge loans to people with no incomes. Now we have high unemployment and inflation. There was definitely something wrong when local teachers, cops, firemen could no longer afford to live in their own towns.

Real estate agents ... ( 5 months ago by kng863)

Real estate agents need tougher certification standards. Like a course in economics. They really think they can sell anything at whatever price they want. The only people that could probably afford are the foreigners, but i think they don't want to live in USA because the REAL ESTATE IQ is so low as well as all other fascets of education.

If stimulus checks ... ( 5 months ago by kng863)

If stimulus checks will help most people buy homes, then we need about 200 x $300 = $60000 just for a downpayment on a house. Stimulating the economy is like injecting steroids into a corpse.

GROW YOUR OWN FOOD! ( 5 months ago by odin422)

GROW YOUR OWN FOOD!

The damn realtors ... ( 5 months ago by lcjeepr)

The damn realtors and brokerage houses have screwed us all and sold us down the river.They don't care they just bought legislation to protect themselves and things are good for all of them.Meanwhile where I live prices have gone up so much that a damn starter home is 215,000$.How many people starting out can afford that? Its a bunch of BS.What we need to do is look into how many of these firms committed mortgage fraud and hang them all!Nobody is going to be free from the effects of these f ups!

What will the banks ... ( 5 months ago by lcjeepr)

What will the banks do when there are mansions all around and no one to buy them. will we get two homes for the price of one?I know that where I live things are getting bad.Luckily I live in a neighborhood built 50 years ago.New suburbs have up to 10 foreclosed homes in them.Now the great thing is that so many people will lose their asses that housing will fall so far that people will be in thier homes for way more than they are worth.Then the banks will be screwed like us I guess? Get Ready!

Hmm, and look at ... ( 3 months ago by moviedude111)

Hmm, and look at what happened yesterday on wall street
Bye bye bankers!

zeitgeist: the ... ( 3 months ago by fuzhou888)

zeitgeist: the federal reserve <--Search YouTUBE
Federal Fraud <--- Search YouTUBE
USA is a COUNTRY of DEBT
its Citizens are in DEBT, Debt = Slavery
COPY / PASTE MY Comments

Bye bye bankers? ... ( 3 months ago by bigdog49094)

Bye bye bankers? Bye bye America

Gov Grandholm has ... ( 3 months ago by bigdog49094)

Gov Grandholm has her COOL CITIES program tho. LOL

Friday is going to ... ( 3 months ago by moviedude111)

Friday is going to be the crucial day.

Array ( 3 months ago by bigdog49094)

dude
Why do you think Just Friday and not today or Monday or Tuesday?

I am kind of ... ( 3 months ago by moviedude111)

I am kind of optismistic, that the insanity would stop.
My gut says it is bad though
China, Japan's investment as well as another 300 billion from the feds proped up the market today.

Comments about the ... ( 3 months ago by noaccountman)

Comments about the price of homes being too high are strange. Foreclosed homes from people who bought over their heads are in public sales for bargain prices. Loans are written for those with credit to buy them. Had the "bailout" not been done, we would have seen softening of home prices. Millions could have moved into affordable homes. It's how capitalistic society works. With a "bailout," prices are restored, keeping market pressures from controlling prices. The "people" don't have a clue.

People didn't buy ... ( 3 months ago by eighthgap)

People didn't buy homes they couldn't afford! My sister's mortgage payment went from $600 per month to $1,100 per month, that's the scam, that's how and why people are losing their homes!

Bye bye America. ( 3 months ago by mozaks80)

Bye bye America.

Yep, the world will ... ( 3 months ago by viewtifuljoe02)

Yep, the world will end in probably 300 years or less. Failing Economy, depletion of nonreneable resources, growing population (I wouldnt exactly call it bad because there PEOPLE), global warming, rising sea levels

Array ( 2 months ago by StepOff1276)

Eighthgap,
I have to be honest with you and tell you that they did not scam your sister. Your sister just did not get educated about what she was signing. Now don't get me wrong, I am not saying your sister is not smart. I am saying that THEY should have educated your sister about what she was getting into. They played off the ignorance of people instead of advising people about the choice they were making and then letting them make a decision that was best for them.

I appreciate the ... ( 2 months ago by eighthgap)

I appreciate the response. One fact however is the lender lied. They told my sister that she could only get the variable interest rate because of something in her credit. She was in a bind and had to accept it. In Canada they protect their citizens. No mortgage rate can exceed 6% and many with good credit are paying 3%.We have to many shady lobbyist and to many legislators who will accept $45,000 bribes that end up costing tax payers much more in the end.

what economic ... ( 2 months ago by downbitch18)

what economic growth really is, is rising costs of life, low wages, and mass labor, thats all it really is

I have what you ... ( 1 day ago by kingsmyc)

I have what you need to get you residual income every week come check it out I'll teach everything you need.

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