Comments on: Unemployment Report: October 2, 2009

By: apishapa

apishapa — Sat, 03 Oct 2009 16:31:38 +0000

I work for the State of COlorado. Not only did we not get a raise this year, but we are having forced furloughs one day a month for four months. That works out to at least one house payment for pretty much anyone. KNock a couple hundred dollars a month off a paycheck four months straight before Christmas and there will be at leat 20000 families spending less for the holidays. I know my older kids are just getting money to help with bills.

My oldest son is a laid off oil worker in Oklahoma and about to run out of unemployment. No real chance of starting back up for a while. He won’t be spending much on his kids and all he wants from me is help.

I do not believe the increase in wages. I don’t know who get a raise other than Goldman Sachs bonuses. I guess the BofA guy who retired got a pretty good paycheck.

By: Chicago

Chicago — Sat, 03 Oct 2009 11:59:39 +0000

2010, end of bush tax cuts. end of 2010 is what I meant…and yes it will have an effect on the economy as early as the beginning of 2010 as businesses anticipate an increase in taxes and start making plans in curbing expenses for the 2010 fiscal year.

By: AF catfish

AF catfish — Sat, 03 Oct 2009 06:14:20 +0000

I wonder if the looming healthcare “reform” bill is creating enough uncertainty to inhibit businesses from hiring.

Same with cap-and-trade.

If it passes, businesses will have to go one way, but if it doesn’t, they’ll have to go another way, and they’re waiting to see which way they’ll have to go before hiring.

By: elaine

elaine — Sat, 03 Oct 2009 05:56:19 +0000

excuse me, I meant to say 2010, not 2910

By: elaine

elaine — Sat, 03 Oct 2009 05:54:36 +0000

Chicago, What taxes are going up in 2910? I thought that didn’t happen until 2011.

By: Chicago

Chicago — Sat, 03 Oct 2009 03:05:18 +0000

a meltdown within 12 months is feasible. remember that taxes are going up in 2010. this will affect the middle class and small businesses more, end result will be more unemployment and more tightening by the middle class on spending – lower retail sales and possibly higher foreclosure rates.

we are not out of the woods yet. October will be a bad month for stocks as the dollar bounces higher for the month and the bad economic news starts coiming out starting with the bad unemployment numbers.

hold on to your seats, we are about to get a market correction this month.

By: Smart-Jazz-Just Me

Smart-Jazz-Just Me — Fri, 02 Oct 2009 19:28:13 +0000

By the way the same goes for the stimulus… who is really paying for that? Or should I say what generation is?

By: Smart-Jazz-Just Me

Smart-Jazz-Just Me — Fri, 02 Oct 2009 19:25:05 +0000

I am concerned that we will be heading for another meltdown in the next 12 to 24 months. How bad it will be is my only question?

There appears to be little if no stability or reality in either the market or with the US dollar. What good are any tax cuts if we don’t balance our budget? What are we doing here? Taking tax credit on the backs of future generations? Or is it just greed is good especially if your in the top 2% of incomes?

By: Witzend

Witzend — Fri, 02 Oct 2009 18:05:59 +0000

As we grow increasingly accustomed to or outraged by Washington’s pecuniary incontinence, this might be a good time to ask:

Between

1. POTUS’s multi-million dollar Scandinavian sally

and

2. The combined $2.3 billion budget increases for the House and Senate

(and that’s just in the last 24 hourse)

HOW MUCH DOES IT COST TO CREATE (OR “SAVE”) A JOB?

By: FrenchNail

FrenchNail — Fri, 02 Oct 2009 17:56:00 +0000

Yep, I hear the seagulls and start smelling the salt in the air. We are approaching the cliff. This is going to be bad…. Well… Elections do have consequences indeed.

By: Linda Anselmi

Linda Anselmi — Fri, 02 Oct 2009 17:50:42 +0000

Thank you LD.

A very concise and telling report. I just it didn’t feel like we are about to fall off another cliff.