[citation][nom]tayb[/nom]You obviously have no idea about what is going on in the United States. There have been more job losses in the past 15 months than there has been since the great depression. If the pace keeps picking up like it has been we might see unemployment reach 15%. Let's see your conspiracy theory when 50,000,000 Americans no longer have a source of income, the government can't handle the unemployed checks any longer, and they lose their cars and their homes. You'll see some real civil unrest of things don't turn around, and turn around quickly.[/citation]
There are already 50,000,000 americans without income. Only about 40% of the population works, the rest are reitired, young, retarded, disabled, independently wealthy, or ciminals. 15% unemplyment, I can see that happening if the government keeps sticking it's nose into every cranny of our economy.
The idea would go like this. We protect American jobs by protectionism such as not allowing foreign sources of steel or other products into anything that has the most remote connection the federal spending in it. The canadians, germans, french, and every other country retaliates by not allowing American made products be sold in their countries. Our companies then are forced to move jobs over to these countries in order to sell products to them, thus Americans laid off. I guess we have our first few thousand jobs going to Brazil this way through GM building a plant there using our tax dollar rescue money. Then the government starts to dictate what wages must be, and more jobs go to other countries with cheaper wages or they just go bankrupt because they cannot sell product at a price that matches cost to make. The government starts to tax energy consumption at exorbitant rates (Carbon Taxes or Cap and Trade) and more companies go out of business or move overseas to more free market freindly places like China? Then the government places vast amounts of our energy resources behind protected walls, and the price of fuel climbs and we become 90% dependent on foreign sources of energy, and when they decide to keep their energy we have blackouts and entire portions of our country go black for months on end. More companies decide to go where they can get energy cheap and reliably, a place like, China? Then the government decides that it knows what medical proceedures every single person is ENTITLED to, and those they are not entitled to will not be available, and the government will mandate the value of being a doctor and fewer people will become doctors. More people will get sick because they did not get the right medical care that a free society would have allowed them to buy, sick people make bad employees, and since there are so few jobs in this country anyways, all sick people will become unemployed sick people.
Actually I have been following all of this very closely. Go back and look at all the recessions we have had since 1945 and look at job losses. You must be listening to people who have no real clue as to the real state of our past. We have not lost anywhere near as many jobs as we lost in the early 1980's recession. We have not lost any real industrial output yet. In the 1970's unemployment was double and more than it is today. When you have 50% more population today you co not compare numbers to numbers, you compare percentages to percentages. If you have 10,000,000,000 and 1,000,000,000 are laid off, you have 10% unemployment, but if you have 300,000,000 and 1,000,000,000 are laid off, like our media loves to mention, you have about triple the number of people that exist unemployed.
I agree if you live in southern California, your life right now really sucks if you bought a home or refinanced a home in 2003 through 2008. I do not care about you though, tough shit, you did not look back in time before you bought your home, you did not look at what your income is and what your house payment was going to be? You did not have a savings account with 6 months of living expenses waiting if you lost your job? TOUGH LUCK buddy. Life happens, bad things happen, grow a pair of nads and pick yourself up and go do something of value and get paid for it. You cannot sell your house because you borrowed $400,000 on it, even though it appraised at $350,000 when even the appraisal was hyper inflated, but your bank allowed you a 125% loan, but you had to have that house, I mean next year it would be worth $400,000 and the year later maybe $500,000 what could go wrong? I do not care, pay it off or give it back to the rejects at the bank and suck up your losses. You make bad choices, you need to deal with it. I should not have to help you deal with your problems that arose from your crap choice of helping hyperinflate housing prices.
Some people in life are selvish, self serving, greedy peices of crap. I had the opportunity in 2001, in 2002 and 2003 to get on board the hyperinflating housing market and then turn my crap decision into a windfall profit for myself. I chose to stay in an appartment instead. Other people did not make that choice. They refinanced for a vacation around the world, or bought a nice new SUV or what ever they did with the money, lets hope they did not remodel their kitchen and then lose it, or they bought home after home using ninja loans and then putting those homes back on the market at a steep mark-up thus adding no value to the world, just to their own bank accounts. Yeah, Southern California, you know what I say to people in trouble in California. Enjoy the sun and deal with the problems or move to a saner state.
Hope this answers your issue. If not, oh well, I cannot be bothered anymore, my lunch break is almost over.