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Wednesday, January 21, 2009

How bad is this recession/depression going to get?

It appears that things are worse than appearances. Companies are chopping out workers or cutting back hrs. It is all tied to a drastic reduction in consumer spending which accts for 70% of the economy. No Obama will not turn things around. He says he wiil create 4 mil jobs. BS. There will be agencies set up with all that bailout and stimulus spending to train laid off workers but they just get worthless certificates. Then they wil go out in the real world and try to apply for jobs in a down economy while millions are being laid off.
talk about sailing against a 30 kt wind. Going out to obtain work with your worthless training certificates while companies are shafting experienced staff and putting on hiring freezes. Especially as the majority of the umemployed are barely literate lower class proletariat or youth without any skills or experience.
There will be a host of job training agencys set up especially in the big cities with political connections to the obama adminiinstation and fat cat democratic politicians. This will benefit the administrators who are picked to run these programs, which will put millions into job trainng programs who might get make work or gov't infrastructure projects/WPA work . This will not happen right away and 2009 will be see continued rising unemployment.
These make- work gov't created agency jobs will be temporary stop gaps creating temp job corps WPA work.

I will simply stand back and watch the unfolding destruction of credit, jobs, housing asset declines, local Gov' t BK, small business' shuttering, crime run amok, poiticians & TV pundits spewing BS, athe while i will be on my kayak and go all up and down CA coast camping out in our lovely crown jewel state coastal parks .

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