"According to statistics posted on the Labor Department's website, about 4.78 million people continued to claim unemployment insurance for the week ending Jan. 17. That seasonally adjusted figure is up 159,000 from the previous week and is the largest in government records going back to 1967." [LA Times; 29 Jan 2009, Muskal.]
And the 800 BILLION DOLLAR bailout heads to the Senate after House approval.
And did you hear about the father who killed his wife and FIVE children and then himself after receiving his pink slip? Here he is with His beautiful Family:
To begin to imagine what was running through this man's mind sends shivers down my spine... such a tragedy.
I am very worried about all of us.
Such desperation. Such depression. Where will we go from here? Where can we go from here?
"Economists expect the current recession, which began in December 2007, to be the most severe since World War II. Estimates of the number of people receiving bad employment news just this week are at more than 100,000 as companies from Caterpillar to Starbucks, from Home Depot to Boeing and Pfizer all reported job losses." [Muskal.]
I'd like to be optimistic, think that this bailout may not be misappropriated like the last one. And furthermore, I don't think bailouts are the answer! Have we not figured out that Regan's trickledown economics is total and utter bullshit? The shit rolls downhill people; and we the people are living in THEIR shit!
Who are we kidding anyway? Government appropriately allocating funds???? Yeah right! We as a nation have, for too long, been complacent--or have we been too trusting? We've stood by as our Industries have been outsourced with little more than the batting of eyes.
And so, here we are now... but where is that?
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