Quote:
Originally Posted by Bill O'Rights
I question that. And, even if it's true, which I doubt, I am amongst that 7% that's not working since last November. I'm here to tell you...this job market is a bitch.
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I know its a bitch.
I just think the economy can be made worse by all the negativity. If people fear losing their jobs they stop spending and begin to save more (savings can be affected by other factors but in this environment it is clear what is happening). I showed a chart indicating a sudden change in savings rates. In one respect savings is good, but when savings increases at the same time employment shrinks and the economy slows, the increase in savings compounds the problem. So, what we need is leadership in Washington that can reassure people that we are not going to experience the next great depression. If spending increases the recession will be shorter and the labor market will improve.
Send an email to Obama and tell his to stop talking or to say something positive about our economy.