New Paradigm: The job market is the biggest economic problem

[SD Transplant]

Reading the news today, I realize we’re reaching that point that piggs use to cover about 1 year ago…..when the news doesn’t cover the housing market because the economy has real problems(e.g. unemployment)

I can’t see any valid points of calling any housing bottom yet when the real problem is having/holding onto a job.

Get ready for more pain ahead
Forget about the credit crunch and falling house prices. The job market is the biggest economic problem — and it’s likely to get worse before it gets better.

NEW YORK (CNNMoney.com) — There is no longer any doubt about the biggest problem facing the economy: the job market.

Economists believe the recession is likely to get worse until the spiraling job losses and unemployment rate start to improve.

Record low mortgage rates won’t lead to higher home values and increased home sales as long as 500,000 people a month are losing their jobs.

http://money.cnn.com/2009/01/09/news/economy/pain_ahead/index.htm?postversion=2009010914

[meadandale]

And what is Obama’s solution to get us out of this?

Bailouts for every small business in Amerika? Or putting all the out of work drivers, technicians, clerks and others to work building roads, bridges and other infrastructure? LOL

Welcome to Bailout Nation.

We drove Russia into bankruptcy and dissolution through outspending them in the Cold War.

China drove us into bankruptcy (and soon, dissolution) through us spending ourselves into oblivion buying their crap. We are going to bail ourselves out into third world status with a mountain of debt we can never pay.

[meadandale]

And what is Obama’s solution to get us out of this?

Bailouts for every small business in Amerika? Or putting all the out of work drivers, technicians, clerks and others to work building roads, bridges and other infrastructure? LOL

Welcome to Bailout Nation.

We drove Russia into bankruptcy and dissolution through outspending them in the Cold War.

China drove us into bankruptcy (and soon, dissolution) through us spending ourselves into oblivion buying their crap. We are going to bail ourselves out into third world status with a mountain of debt we can never pay.

[meadandale]

And what is Obama’s solution to get us out of this?

Bailouts for every small business in Amerika? Or putting all the out of work drivers, technicians, clerks and others to work building roads, bridges and other infrastructure? LOL

Welcome to Bailout Nation.

We drove Russia into bankruptcy and dissolution through outspending them in the Cold War.

China drove us into bankruptcy (and soon, dissolution) through us spending ourselves into oblivion buying their crap. We are going to bail ourselves out into third world status with a mountain of debt we can never pay.

[meadandale]

And what is Obama’s solution to get us out of this?

Bailouts for every small business in Amerika? Or putting all the out of work drivers, technicians, clerks and others to work building roads, bridges and other infrastructure? LOL

Welcome to Bailout Nation.

We drove Russia into bankruptcy and dissolution through outspending them in the Cold War.

China drove us into bankruptcy (and soon, dissolution) through us spending ourselves into oblivion buying their crap. We are going to bail ourselves out into third world status with a mountain of debt we can never pay.

[meadandale]

And what is Obama’s solution to get us out of this?

Bailouts for every small business in Amerika? Or putting all the out of work drivers, technicians, clerks and others to work building roads, bridges and other infrastructure? LOL

Welcome to Bailout Nation.

We drove Russia into bankruptcy and dissolution through outspending them in the Cold War.

China drove us into bankruptcy (and soon, dissolution) through us spending ourselves into oblivion buying their crap. We are going to bail ourselves out into third world status with a mountain of debt we can never pay.

[cr]

This time really is different. Prices started falling before the jobs market showed any weakness. Now with unemployment mounting a bottom looks nowhere in sight.

[cr]

This time really is different. Prices started falling before the jobs market showed any weakness. Now with unemployment mounting a bottom looks nowhere in sight.

[cr]

This time really is different. Prices started falling before the jobs market showed any weakness. Now with unemployment mounting a bottom looks nowhere in sight.

[cr]

This time really is different. Prices started falling before the jobs market showed any weakness. Now with unemployment mounting a bottom looks nowhere in sight.

[cr]

This time really is different. Prices started falling before the jobs market showed any weakness. Now with unemployment mounting a bottom looks nowhere in sight.

[Borat]

Heresy! Here in the nicer areas of San Diego such as CV, this won’t be a problem. Haven’t you heard that every household in these locales has an income of $300K/yr! And those are of course the slackers, most make a lot more than that. Of course the majority of these people are employed in recession-proof industries like sales and middle management. They have also been smart enough not to get caught up in the stock market crash since they maintain all of their wealth in their home equity and automobiles.

Again, I say to thee, these so-called “job losses” will not affect the nice areas of SD.

[Borat]

Heresy! Here in the nicer areas of San Diego such as CV, this won’t be a problem. Haven’t you heard that every household in these locales has an income of $300K/yr! And those are of course the slackers, most make a lot more than that. Of course the majority of these people are employed in recession-proof industries like sales and middle management. They have also been smart enough not to get caught up in the stock market crash since they maintain all of their wealth in their home equity and automobiles.

Again, I say to thee, these so-called “job losses” will not affect the nice areas of SD.

[Borat]

Heresy! Here in the nicer areas of San Diego such as CV, this won’t be a problem. Haven’t you heard that every household in these locales has an income of $300K/yr! And those are of course the slackers, most make a lot more than that. Of course the majority of these people are employed in recession-proof industries like sales and middle management. They have also been smart enough not to get caught up in the stock market crash since they maintain all of their wealth in their home equity and automobiles.

Again, I say to thee, these so-called “job losses” will not affect the nice areas of SD.

[Borat]

Heresy! Here in the nicer areas of San Diego such as CV, this won’t be a problem. Haven’t you heard that every household in these locales has an income of $300K/yr! And those are of course the slackers, most make a lot more than that. Of course the majority of these people are employed in recession-proof industries like sales and middle management. They have also been smart enough not to get caught up in the stock market crash since they maintain all of their wealth in their home equity and automobiles.

Again, I say to thee, these so-called “job losses” will not affect the nice areas of SD.

[Author]

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