well the markets went higher because "jobless claims dropped". Or is it GS using TARP money to goose the futures higher to get a short covering rally? hmmm.....
Dont worry, this guy has the solution in his response to that clip http://www.youtube.com/watch?v=fNlZaeManBs&NR=1
What happens at the end of the year when 1.5 million people stop getting benefits? If Obama doesn't extend benefits into infinity, we'll eventually find out.
how can your country have a benefits system that ''expires and leaves you to starve to death homeless'' after a certain amount of time???!! :eek:
Freedom. The freedom to rise ....or fall... When you start to take everyone's money away to pay for those who wont, you lose your freedom. You lose the freedom to fall and to rise. Being trapped in a caste becomes systemic. Better hope you are not a serf when the system is in place. If you are, your great great grandson will be one too.
How can your country have a benefits system that lets people stay on government support forever, with no incentive to find a job? Of course it becomes a problem when there's simply no work to be found. Credit bubbles are a nasty thing.
We in the West have been Serfs to the system for many a long year (US included). We have barely blinked when Govts handed out welfare to enterprise but get into something of a lather when Joe gets a state handout.
Real disposable income per capita has been RISING in this recession, thanks to billions in government transfer payments and tax benefits. Sooner or later this will reverse and I can't wait to see retail sales THEN: