'A Terrible Situation:' Jan. Payrolls Slashed 598K, Jobless Rate Jumps to 7.6%

If you check on incometaxlist.com You can see rich are still rich, so the bottom earners in country wealth are hurt most

Expect inflation and a stagnant economy until the democrats are kicked out of office. Some of the Inflated currency will probably find it's way into the stock market.

"No man should receive a dollor unless that dollor has been fairly earned. Every dollar received should represent a dollor's worth of service rendered--not gambling in stocks..."

Massive layoffs and the Market goes through the roof, HMMM, can we say screwed. To all those who think this economy has turned around and the job rate is really 7.6, I laugh. Look around at your close friends, 7.6 means 7 out of 100 are out of work, I know personally at least 10 right now, just close friends. We are in for a very very long hardship, take note of the older folks who lived during the first Depression, they are pulling money out of the banks, buying food, and trying to prepare for the GREATEST Depression.

Jobless numbers are much greater than reported, sort of like interest rates are at zero percent. Unemployment not a problem for Wall Street, which likes businesses that don't have to pay payrolls.

No pain - no Gain. Bankrupt the country just so we can continue unemployment insurance forever.

So let's buy stock! Doesn't make sense. The unemployed will not find new jobs. The stocks in their 401k's will need to be sold so they cash in the 401k to survive. They won't be buying anything. Buyers beware.

Buy KFT

hello folks... I'm not sure where I fall on this whole STIMULUS debate...I can see both sides of the coin. I think we are too late to the party on hoping that the stimulus will have any positive effect on the economy as a whole. BUT...President Obama is right that "ones man's pork MIGHT SAVE ANOTHER man's job". Our highway system was pork at one point...so was the technolgy and investment that became the internet. This 'pork" will build infrastructure like roads, bridges, and hospitals that have been ignored for decades in our country.------------------------------------------------------------------------------- President Obama did himself no favors by allowing his appointmants mess to make hime 'take his eye off of the ball" on the stimulus plan for a few days.---------------------------------- The same Republicans htat are fighting him tooth and nail are the same dudes that were so gung ho on spending appx the same amount of money to provide rebuilding Iraq. The same dudes that allowed the national debt to double over the last 8 yrs....why the sudden urge to act fiscally responsible? _____________________________________ I don't envy the President....even though this mess was easy to see coming......the answers on what to do are much more complex and muddied than people realize. If the stimulus will not work ( have my doubts) is doing NOTHING really the answer?______________ This deal is just getting stated, anyone who thinks we are near the bottom is a fool. cash is King.....plant a garden....pay down your debts (if you can).....I have never owned a gun in my life...but things may get bad enough that I need it to protect my home at some point._____________ We need a total "reboot" of our country, in general, and our economy, in particular. I am not sure that the president has all the answers....but he has already done more thn our last President would have ever done for the average citizen in our country. He was elected by more people than anyone in history and deserves our full support. Its a bigg freakin mess....again-i don't envy him.

Take a different angle on the freeing up of credit for more consumption of goods, etc. Every time you hear the word credit, replace it with the inverse meaning; 'DEBT.' Debt is what comes to the American people. When you see the word 'debt' picture yourself as a hamster running on a debt wheel as fast as you can trying to pay off the debt. Now picture all American's as hamsters running on debt wheels as fast as they can to pay off their debts and the countries debts. No take a snapshot of that. Look closely at it. Now you see yourself as the perfect pets the government and big business wants you to be...

Most people have ears that are fairly well balanced between the upper and lower portions. But in some there are significant differences.

Guess what? the Government's overhead is much bigger than it was 30 years ago...Jobless rate does not include all that have been on Disability, Supplemented Housing, Supplemental Daycare, Single mother-no or low income child reimbursement, and supplemental Daycare, etc., for years.

Mr finkelstein is right about better to cut other cost other than labor...What he is wrong about is that cutting costs has been used for 30 years. There is just not that much fat left in many companies. Where do you think much of the recent wealth came from? It was not really just invented by trading stocks and what not in wall street. Government usually does not create wealth. They can convert wealth from one source to another. Construction projects and such are about neutral in creating and utilizing wealth. A service economy does not create wealth. The wealth is mostly just redistributed around. Where is the wealth then? We all know who some of them are! They are those who were successful and created large amounts of wealth and put that wealth to work for themselves. The wealth decreased markedly over recent months. and psychologically they feel poor. The two billion they had last year is suddenly maybe 1.2 billion or something. So Protect the wealth projects have come into play. I do not blame them! Will that attitude improve the economy or help push the ecomomy down? Will Government spending help? Can the snow ball be stopped before it crushes the nation? I have no good answers but I do know the current effort is like rolling a ballon at bowling pins. they may hit the target. But will any of the problems be solved?

Mr finkelstein is right about better to cut other cost other than labor...What he is wrong about is that cutting costs has been used for 30 years. There is just not that much fat left in many companies. Where do you think much of the recent wealth came from? It was not really just invented by trading stocks and what not in wall street. Government usually does not create wealth. They can convert wealth from one source to another. Construction projects and such are about neutral in creating and utilizing wealth. A service economy does not create wealth. The wealth is mostly just redistributed around. Where is the wealth then? We all know who some of them are! They are those who were successful and created large amounts of wealth and put that wealth to work for themselves. The wealth decreased markedly over recent months. and psychologically they feel poor. The two billion they had last year is suddenly maybe 1.2 billion or something. So Protect the wealth projects have come into play. I do not blame them! Will that attitude improve the economy or help push the ecomomy down? Will Government spending help? Can the snow ball be stopped before it crushes the nation? I have no good answers but I do know the current effort is like rolling a ballon at bowling pins. they may hit the target. But will any of the problems be solved?

Mr finkelstein is right about better to cut other cost other than labor...What he is wrong about is that cutting costs has been used for 30 years. There is just not that much fat left in many companies. Where do you think much of the recent wealth came from? It was not really just invented by trading stocks and what not in wall street. Government usually does not create wealth. They can convert wealth from one source to another. Construction projects and such are about neutral in creating and utilizing wealth. A service economy does not create wealth. The wealth is mostly just redistributed around. Where is the wealth then? We all know who some of them are! They are those who were successful and created large amounts of wealth and put that wealth to work for themselves. The wealth decreased markedly over recent months. and psychologically they feel poor. The two billion they had last year is suddenly maybe 1.2 billion or something. So Protect the wealth projects have come into play. I do not blame them! Will that attitude improve the economy or help push the ecomomy down? Will Government spending help? Can the snow ball be stopped before it crushes the nation? I have no good answers but I do know the current effort is like rolling a ballon at bowling pins. they may hit the target. But will any of the problems be solved?

Blame Canada...Blame Canada...

Thanks Bush

Welcome to THE GREAT RECESSION - I would like to HOPE we don't see higher unemployment, but let's face it... people are the most expensive thing on the balance sheet. Companies will cut and burn payrolls to drive revenue (and stock price), always have always with. This year is going to be INCREDIBLY hard on those servicing debt.

Universal Health Care for everyone.

Job advisors best advice for getting and holding onto your job is "kiss ass."