Is yours next?
Sure about that?
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PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
Failure to
Arrest
Angelo Mozilo
2862 Hours
(countdown suspended 6/21/2009)
ERIC HOLDER - YOU ARE A COWARD
DO YOUR JOB
(UPDATE 6.4.09 - SEC CHARGES MOZILO WITH INSIDER TRADING. YET ERIC HOLDER STILL SITS ON HIS ASS AND DOES NOTHING)
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23 comments:
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YOU KNOW THE ECONOMY IS BAD WHEN EVEN THE AMISH HAS AN INFOMERCIAL.
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I'd like to see this superimposed on great depression data.
Mine's fine, at least until Australia allows people to die in the streets. I can see America allowing that, but not here, not for a long time.
I'll have to work harder, and maybe even get paid less. But I can deal with that. I got mine, Jack! So I don't need to get any more. Time to pitch in and help shoulder the load.
The sad thing is, the desperation bothers me. One of the reasons I like to read comment sections on blogs and in major newspapers' online sections such as the Washington Post, is because it gives me a feel for what people are thinking. Not a perfect mirror of opinion, of course, because it's the more literate and agitated people who sit at keyboards banging out messages.
In the five years that I've been doing that diligently, I've seen the mood shift. Not so much in the rest of the world -- international observers have always been bleak about America's prospects. But it used to be that a doomster like me was on the paranoid fringe. There was lots of denial amongst Americans that serious problems would ensue.
Now, many Americans have caught up to my sense of gloom. I'm not the solitary nutball forecasting economic implosion and riots. I feel vindicated. But I was hoping I'd be wrong. Welcome to my dark world! Only, it's not the world I want to live in.
Like I said, I got mine. I have lots of popcorn, and a safe seat in the balcony. But it gives me no joy to see such pain. What good is popcorn when I have a bitter taste in my mouth, knowing that so many other people are bleeding?
Things are bad and getting worse, no doubt about it, but I'd like to see charts that compare now to eras like the Great Depression, with adjustments made for population size.
Soooooo, v shaped bottom?
I'd like to see a chart comparing this recession with the recession in the early 80s.
“Is your job next?”
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Possibly, because the other Manufacturing Engineer here where I work is a real brown-noser!
So if they decide to lay off one of us, guess which one it will be?
Bukko,
You haven't even begun to see real desperation yet.
But it is coming...
Yep, and this is the REAL reason the 15K freebie to buy a house ain't gonna work (either!)
No one will have a freakn' job, even if they want to buy a house!!!
Let me apply my first rate American college education to give everyone a proper interpretation of this chart.
This chart does NOT show that unemployment in the country is rising. If this were the case, the green line would be going up (i.e lines going up = an increase; lines going down = a decrease). Since the green line is going down, this must mean that unemployment is going down.
Now, could someone please pass me the cheese doodles and the Mountain Dew.
You know, what this really reflects is the devaluation of math and science in our society. This chart is mislabeled;
a negative job loss would actually be a gain. What would be more accurate would be to call this "changes in net job creation" or "net job growth", in which case the negative integers would reflect negative job growth, whihc is just a euphemism for job losses or an increase in unemployment.
Now, I'm assuming that most people remember learning about integers in grade school or at least by the 9th grade, and that they've retained it. Please tell me if I am assuming too much here.
Too many jobs have been lost in key areas in our economy - the ones that actually produce products/services on a regular basis - that it will not be possible for us to go any which way but down into the gutter.
The remaining "bright spots" in our economy (such as Healthcare) are too wasteful to be self-sustaining and have no choice to start trimming down as well.
No job is safe any longer in this economy, and we can thank the prior administration for handing over this sh*t platter to the nation.
Younger generations have a futureless future.
Phil Gramm would like to remind us that we're all just whiners.
McCain's chief economic advisor knows that it's all about attitude.
"So if they decide to lay off one of us, guess which one it will be?"
Corporate America has seized to be a productive place; it's little more than a you scratch my back and vice versa type of operation (*Hint: run like a third world nation).
Looks like some of those fancy shmancy rollee-koaster rides at six flags, except that green one looks like a ride straight to hell. Does Six-flags have a new ride, called the fun-for-the-whole-family-ride-to-hell?
Enquiring minds want to know.......
Is that you tomorrow?
CNN -- Michael Gates Gill was a high-flying, six-figure-earning advertising executive years ago before he was abruptly fired. He had created huge campaigns for companies like Christian Dior and Ford and lived an even bigger life, with luxury automobiles, lavish vacations and fabulous clothes.
These days, however, he's traded his $3,000 Brooks Brothers suits for khakis and a green apron; the big bucks for a $10 an hour job as a barista at Starbucks.
After 26 years at J. Walter Thompson, a leading advertising agency, the then 63-year-old Gill was invited to an early breakfast and was told that he was getting the boot. He made too much money. Someone younger would work for less, he was told.
It's no wonder - I'll bet at least a quarter of the "jobs" in the U.S. are crap. Things like pet groomers, personal trainers, Starbucks baristas, realtors, Wall Street "analysts", etc. All crap - nothing but the residue of the reckless "borrow and spend on crap" mentality. Those jobs aren't coming back.
I think we are in for a wild ride. I think we are fucked. Too much wasteful spending in our country.
But hey, at least I can say I had one hell of a good time! Boy, you Fucked Savers are so fucked! Wait till the real economic downturn happens. Then you Fucked Savers will see your savings go PUFF!!!!!
I had quite a few accounting and economics classes in college.
I remember in my second semester Accounting class I was suddenly very confused. The instructor was talking about an "extraordinary repayer." I'd read the chapter, I didn't remember anything about an "extraordinary repayer" and was having a hard time understanding the special treatment it required. So, I raised my hand and asked, "What is an extraordinary repayer?" The entire class cracked up, including the teacher. They knew I was from Jersey (going to Virginia Tech). The teacher wrote it on the board...It wasn't
Extraordinary Repayer
It was
Extraordinary Repair.
Ha Ha Ha. Now we have an economy not only in need of Extraordinary Repair, but Extraordinary Repayers, too.
To my old VPI classmates: It wasn't funny then and it's not funny now.
Monopoly man goes broke http://www.youtube.com/watch?v=obRbr_GFUGE
McDonald's same store sales in January were up over 7 percent. You might want to get in line because those jobs will fill up fast.
As for Michael Gates Gill, his job at Starbucks is doomed. Too bad he didn't sock away a few million all those years he was grossly overpaid. To get that coveted job as Wal-Mart greeter, he's going to have to compete with another 1,000 desperate unemployed.
Can the job market with stand another 40% hit on the stock market.
Wasn't there a false rally in the stock markets before the final plunge during the Great Depression.
http://www.howestreet.com/articles
/index.php?article_id=8603
According to former Fed Chairman Alan Greenspan, that bubble accounted for 50% to 70% of GDP growth in recent years.
So it should come as no surprise that as soon as the mortgages and equity loans dried up, consumption and GDP growth began to take a huge hit.
Every major fundamental indicator relied upon by stock market analysts is unanimously pointing to a stock price plunge of at least another 40% from current levels. That would take ...
* The S&P 500 down to the 500 level ...
* The Dow Jones Industrials to below 5000, and ...
* The Nasdaq to the low 900s.
You really want to look at something that's been normalized for population, etc. That can be seen here, courtesy Calculated Risk.
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