The Congressional Budget Office warned that unemployment could rise as above 9%, well above the current 6.7%, by the end of 2009. Officials also expect the recession to last well into 2009, despite an $800 billion stimulus package and record-low interest rates. For most of us, that means we must rely on our own ingenuity to find ways to increase income and cut costs.
The Congressional Budget Office warned that unemployment could rise as above 9%, well above the current 6.7%, by the end of 2009. Officials also expect the recession to last well into 2009, despite an $800 billion stimulus package and record-low interest rates. For most of us, that means we must rely on our own ingenuity to find ways to increase income and cut costs.
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Good One!
Quit exporting our jobs, and multinationals can start investing here in the USA.
Enough of this crap with the free ride to corporations who sell out our jobs to cheap labor markets.
Wake up America
The senate and congress are the dogs wagging that tail(Tale = story)
Gina, I agree we have to stop letting companies go overseas and cutting American’s jobs.
I’m now out of a job because the company went to China for lower costs. I’d gladly pay more for American made products if we all had jobs.
We also have the stop the Visa workers. We have too many Americans out of jobs to be letting people come work here on Visas.
this article is just the same blah blah blah crap that everyone says…this comes from people who have never lost their job because their complete industry bailed on the American worker.
This is exactly the sort of non-news drivel that’s serving only to make the so-called crisis worse. What exactly is the story, here? Things could get worse, or perhaps they could get better, but no-one can predict our economic future. How is that different from any other point in the history of capitalism? I implore anyone reading this to stop worrying about the future long enough to realize that we’re only going to make it out of this mess by rebuilding our nation, person-by-person. Start with you. Get your financial house in order. Pay off your debts. Save for the future. Consume to live, but don’t live to consume. Whatever you do, don’t be afraid; keep an eye out for that silver lining, because no matter how long it takes, it’s coming.
Don’tblame Visa workers. We make YOUR companies more competetive and best of all, for you not me, we pay into to social services and taxes for which we will never use the benefits as we must be have a job to be here. I bought a house when most didn’t and hence pay property taxes of most services that I will never use (schools) and pay medicare tax which I am unable to use. Get real. I understand that illegal immigration is a drain but people like me are a Godsend so get it right..
I wonder what type of jobs losses constitute the 9%. I would be surprised if those are the losses due to outsourcing.
Although the losses are now across the board, they are primarily construction and finance-related.
Kimberly
I had a perfect SAT score, I graduated near the top in my class(CS and Electrical Engineering), I started programming when I was 10.
I had to TRAIN my H-1B replacement.
I now deliver pizza.
At an average of $.50 a delivery 30 deliveries a night I estimate it will take me 9.132 years to pay off my student loans. If I don’t eat.
Hey Joe since you are giving us all these things why don’t you go back where you came from and invest in your own country instead of sending the american dollar there to stimulate the steaming pile you came from I’m relatively sure you won’t be missed I believe I got that right. It’s idiots like you that think without you we are nothing when you are only here for the all mighty american buck become one of us an american citizen and help build the country you now steal from
The unemployment rate is between 15 and 20%. The number used by the bls is flawed, I have been to 35 countries and know the real story not the media fed lies. This may end badly with the collapse of many nations including the usa.
Excellent post I actually didn’t know that! Its good to see you updating this even during these tough economic times.
Sara