Thursday, October 11, 2012

good friday can wait, this is good thursday

More good news on the jobs market today, 30k fewer applied for unemployment last week.
Foreclosures are down again, around 20% under last years.
Remodeling supplies are booming, Home Depot types report a virtual run on these items.
Quarterly statements are arriving for 401K's IRA's Investments, Funds, Roth's,  almost all are up up up in value, up.
Stock market hit new highs a couple weeks ago, and remains near it, highest in 4 or 5 years.
Credit card and other forms of personal debt is down, people have been more careful.
Corporate profits are up, and they are setting on billions in cash (maybe that's not all good news).
Romney stuck a foot in his mouth again, "people don't die from not having insurance", tell that to the parents that can't afford chemo and drugs for a kid with cancer, what a raging fucking idiot, and half the voters are going to vote for this cock sucker, shit!!!!

And the best news:  First.....Biden is going to hammer the rich guys veep geek, the geek will fight back hard, but Biden is going to bitch slap him.  Second.....consumers are getting ready to spend again, confidence is up and stores are predicting a bigger than usual Christmas sales and hiring.

Romney knows this.  He said as much in his 47% speech, he said the economy will get better even if he does nothing if elected.

High unemployment is going to stay even if the economy roars.  I sell factory machines that do the work of dozens, bigger faster tractors mean fewer farm labor, look at self check out lines, on line banking etc, no matter who wins, the economy will pick up a bit, but a lot of folks will never find long term full time work, it's the machines stupid, and I don't know how we cure that except by making it expensive to import products or have call centers and accountants in India.

2 comments:

  1. Mittens is going to create 225,000 new a month.
    Doing what?


    Ron

    ReplyDelete
    Replies
    1. Mittens is a bishop in the mormon cult. (not my words, but a well known Christianista a few months ago) You can't question what a bishop says, it's the law.

      Delete

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