Jeannie Queenie says:
November 6th, 2009 at 11:43 pm
The dark underbelly of unemployment reveals even darker figures. The latest nonsense below shows us how the mammoth mammaries of White House milk manifests itself as the benevolent nanny who cares for all. I wish I could take credit for the following gleaned from one of my favorite investment newsletters of November 5, regarding related unemployment figures, but alas, I cannot.
“Senators want to extend unemployment insurance by 14 weeks in all states, 20 weeks in most. This will kick the can down the road for as many as one million people whose benefits are set to expire by year end. Should this bill become law, some Americans will be able to collect unemployment for UP TO 99 WEEKS, an all-time high.
The $2.4 billion cost of this extension will be funded by more unemployment taxes already paid by businesses. The logic: A business pays the government for every employee they hire… the government, in turn, gives money to people the company didn’t hire, hoping they will get hired by a different company… who will then pay more taxes for hiring that person. Brilliant.
Even the most conservative estimates don’t expect unemployment to peak until 2010… those benefits might even get extended again”. Today we learn the unemployed ranks have reached 16 million folks. Just a cursory check on my calculator of this many people collecting for a year and a half at say, $25,000 amounts to an outlay of well over $60,000,000….where in God’s name will this money come from, I ask?
I am not even an accountant, but this insanity surely doesn’t compute!
Mark T says:
November 9th, 2009 at 2:55 pm
Of course the unemployment figures are understated anyway. If one’s unemployment runs out, he or she is no longer “unemployed.”
And all the self employed folks who are no longer working aren’t listed either. If you’re self employed, you can’t be unemployed, because you can’t file for unemployment.
My guess is the real figure’s about double what’s being touted by the MSM.
November 10th, 2009 at 12:27 am
And this is Only stage B… things are not looking pretty. While I don’t agree with everything Ferfal believes about things like vaccines (maybe he will come around yet?) he has a somewhat unique perspective about Argentina’s economic collapse in comparison to what he says are very similar conditions going on in the U.S. with brief descriptions about the five scary stages we can expect here in the U.S… it kind of puts a damper on any partying plans, for those of us not fully prepared. No one can be fully prepared, it’s not going to be a popcorn night kind of future.
November 12th, 2009 at 1:20 pm
Apparently, Gerald Celente believes the unemployment rate is higher than the one touted by our masters in government:
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