Economic Collapse of 2009 - Greater than Great Depression of 1929

[Soul Crusher]

The small business owner is the anithesis of globlization and state capitalism/corporatism.  Bush's platform when he was running for President was about small business.  LOL.......look what happened huge bail outs for corporations.  HOw many small businesses do you think have received bail out funds??

Damn straight.  Thst is why I went into my own business.  Corporate America is no different than slavery, just with a better standard of living.

I may not make as much as the executives and such, but I have freedom and call my own shots.

[240 is Back]

Damn straight.  Thst is why I went into my own business.  Corporate America is no different than slavery, just with a better standard of living.

I may not make as much as the executives and such, but I have freedom and call my own shots.

that's a great call dude.

walmart may have put a lot of the mom and pop PRODUCT stores out of business, but they can't tak away the SERVICE market just yet.

[Soul Crusher]

that's a great call dude.

walmart may have put a lot of the mom and pop PRODUCT stores out of business, but they can't tak away the SERVICE market just yet.

I personally value my freedom over a few more dollars I can make working for a large law firm or corporation. 

There is a lot of stress of course!  But I would rather have the stresses I have, than being subject to a politically correct environment where I am looked at under a microscope at all hours of the day.   

[The Coach]

Coach, current unemployment is 18%. (accurate unbiased number)

Fed numbers do not account for marginally attached workers, or those unable to find employment who are tapped out w/ their unemployment benefits.


NT

Try 7.2%

[Soul Crusher]

Try 7.2%

Unemployment is much higher than that.  The government lies all the time and its stats are not reliable. 
   

[Neurotoxin]

Try 7.2%

unfortunately the real unemployment rate is around 16-18%. the government does not include people who are no longer looking for jobs and people who have been unemployed so long they no longer receive unemployment benefits. marginally attached workers (part time workers who need full time jobs) are not included as well.

those are really close to Great depression numbers, imo we're in a forming depression not a recession.

i could be wrong...but i doubt it. 



NT

[Soul Crusher]

I agree 100% we are heading for a long depression.

1.  Government spending way out of control.

2.  Local property taxes are killing homeowers and eating all discretionary spending.

3.  ARM resets in 2009 coming from loans from 2004-2007

4.  Commercial real estate is the next disaster.  Look at any strip mall or drive down any commercial ave.  Look at the vacancies!

5.  Mass layoffs.

6.  No customers to buy businesses products or services.

7.  CDS are still not worked through the system.

8.  Illegal aliens still competing with americans for basic level work and jobs.

There are just too many other things at work here for me to think we can avoid this. 

[Bindare_Dundat]

Try 7.2%

I feel sorry for you. Your like a little lamb, so gullible.



In addition, October's job losses were revised UP (+80,000), to show a cut of 320,000, previously reported as a 240,000 loss, while September's losses were revised UP (+120,000), to a loss of 403,000 from down 284,000.

That meant 199,000 more jobs were lost in September and October than previously thought