Wednesday, July 15, 2009

10 Percent unemployment........no jobs......ba hum bug!

Analyst at the fed say that the unemployment rate across the nation is going to go over 10% and stay that way for awhile. Times are going to be hard for American workers and predictions in the market are good for economic recovery? What are these guys thinking? Economic growth and jobs go hand in hand and in the last two recessions we have seen this tried and true relationship get broken. Why? No one is sure...but one thing is sure we have to fix it. Everyone is getting ready for Christmas ....now! And if we are trying to figure out how we are going to pay the fuel bills, and the heating bills, and the grocery bill on unemployment I do not know how things are going to turn around without some stimulus in the jobs market. the goverment has tried to do its part. You have got to put the American worker back in the picture....he is the one which is going to turn everything around, money in his pocket then he will spend it! Demands for goods and services go up and guess what... demand for materials go up......more people get jobs.......they spend more......get the picture guys! Every major business in this country needs to find some way......one way .....cut all those big bonuses and perks at the top.....trickle it down to the guys at the bottom ....hire some minimum wage workers........its time for business to do its part ...especially the big business who have made all the money for all these years.....if we could do this put people to work doing anything.........tighten our belts and create jobs.....then the domino affect...would take place and the economy would turn around. Here is some food for thought...the Fed is looking at greater clarity and oversight of hedge funds companies that serve as clearinghouses for trades of derivative instruments. These guys do not generate jobs! The market is not functioning like it did when mom and pop started investing. You had a good company....you went public...people invested in the success of your company and that gave you money to hire more workers to expand to grow. The comapny won and the stock holders won! Stock holders reinvested the money, purchased goods, etc and the economy grew, people had retirements and everything was good. Whats happening now! the group which is making money on the trends in the market the cycles of the econmy but yet do not generate any jobs due to their small numbers. These people manipulate the market, they destroy the concepts of supply and demand! They purchase tankers full of oil! they are not an oil company, a refinery, or a distributer, they are a group which based upon the risk holds on to the oil they bought and when the price is right dumps it on the market to make a bundle. this is not supply and demand but rather market manipulation! You have a hedge fund manager who is watching a company, who is doing good....their stocks drop based upon market cycles and he knows that.....but it will go back up.......he watches and buys low...........when it gets up their he drops it like a hot potatoe..........makes a fortune for his group and himself..........does he care about the success of the company.......does he care about millions of stock holders....NO!..........so the company loses...the stock holders lose........and the cycle is falsley skewed......now the stock holders start getting nervous......they jump ship and the company loses more......lays off workers and its the same vicious cycle over and over.................the rich get richer..........and the poor get poorer.

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About Me

I am a Registered Nurse and Practical Nursing Teacher.