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Showing posts with label economic recession. Show all posts
Showing posts with label economic recession. Show all posts

Monday, January 12, 2009

if it was a movie it would be funny

but it's NOT a movie and it's NOT funny. everyone i've talked to is thinking they may be laid off. i'm thinking i might be laid off. there have been NO formal announcements at work yet, but times are tight (i work for a financial institution/insurance company and NO NOT AIG or any others that were in trouble. as the biz goes, the company i work for is quite sound but STILL, we ARE in a recession). it's scary out there for ALL of us. businesses closing left and right. and who is to blame? you know who, KING GEORGE AND HIS MERRY BAND OF PRANKSTERS

White House: We Never Said We Weren’t In A Recession»

Thursday, the White House acknowledged for the first time that the U.S. was in a recession. “Obviously, the NBER came out and said that we are in a recession,” Press Secretary Dana Perino said. Even though the National Bureau of Economic Research announced Monday that the U.S. was in a recession that had started in Dec. 2007, the White House was still refusing to use the word as late as Wednesday.

Yesterday, when a reporter remarked that the White House had been denying the recession for months, spokesman Scott Stanzel interrupted her to insist the Bush administration had never done so:

QUESTION: The President finally said, first time at a podium, that we are in a recession. This administration had been saying for months, from the very beginning of 2008, that we weren’t. Who –

STANZEL: No, that’s not correct. That –


Sunday, December 07, 2008

i sure don't know if this will work or not

BUT AT LEAST PE BARACK OBAMA KNOWS AND ADMITS WE HAVE SOME WICKED SERIOUS PROBLEMS. at least he's putting stuff out on the table. he's picking team members from all areas and 'sides'. while i don't agree with some of his picks (and his asking everyone to forgive da LIEbs irks me the MOST), like i said, HE'S TRYING (unlike our current monarch, king george). i'm not an economist, but i do have my fingers crossed

Obama Offers First Look at Massive Plan To Create Jobs
Project Would Be the Largest Since the Interstate System

By Michael D. Shear
Washington Post Staff Writer
On the heels of more grim unemployment news, President-elect Barack Obama yesterday offered the first glimpse of what would be the largest public works program since President Dwight D. Eisenhower created the federal interstate system in the 1950s.

Obama said the massive government spending program he proposes to lift the country out of economic recession will include a renewed effort to make public buildings energy-efficient, rebuild the nation's highways, renovate aging schools and install computers in classrooms, extend high-speed Internet to underserved areas and modernize hospitals by giving them access to electronic medical records.

"We need to act with the urgency this moment demands to save or create at least 2 1/2 million jobs so that the nearly 2 million Americans who've lost them know that they have a future," Obama said in his weekly address, broadcast on the radio and the Internet. .........