RED ALERT! 500,000 NEW UNEMPLOYMENT CLAIMS WEEK ENDING AUGUST 13
August 20th, 2010 by Yank Elliott | 1 Comment | Filed in Miscellaneous, People, Politics, businessThe US Labor Department announced this morning there were 500,000 new unemployment claims last week. Does this look like a summer of economic recovery? When our “leaders” in Washington say these are just little ripples that show the economy is actually “getting better,” are they not simply lying to the American public? All of you who are facing the disaster of long-term unemployment, which is likely to become permanent, know there is no recovery. Our government is extremely anti-business; everything they are doing from healthcare, to cap and trade, to added regulation for just about every kind of business, and the possibility of raising taxes after the November elections, not just for the wealthy (who run many of the small businesses our economy depends upon), but for all consumers. Who blames consumers for not buying anything. How can a government that claims to love new jobs, while at the same time, hate the people who are in a position to provide those jobs? This is an oxymoron generated by idiots.
500,000 new unemployment claims, on top of almost the same amount for the last who knows how many weeks! Horrible, horrible, horrible.
An article from Reuters on January 8, 2010, was titled, “Snap Analysis: US job losses raises fears of economic stall.” That was an understatement which is now coming to pass in the form of a prolonged depression. For the unemployed, things are worse than ever. According to a CNNMoney article on June 16, 2010, if you are unemployed you need not apply to many employers. They seem to be taking the attitude if you are unemployed you did something to deserve it. They will only talk to applicants who already have a job. Rotten, isn’t it? Here is a place where no one is turned away. They welcome all, employed or unemployed.
It was stated by the authors of “Americans are overpaid” that a reason for American prosperity is an overabundance of capital available to businesses and individuals. What are they talking about? Since late 2007 the US credit markets have completely dried up. Sure, the Donald Trumps, and Warren Buffets are able to get all the financing they require, either because lenders view them as being no risk so far as repayment of credit is concerned, or they have their own capital to invest. That helps no small or home based business owner. Most cannot get enough credit to buy a car, much less finance their businesses.
Small business is the acknowledged backbone of the US economy?but, they are starving for financing. Banks had to ask for bailouts by the government, so the ones still solvent are hoarding funds in order to repay the government and get out from under the stiff controls that came with the bail money. Many smaller banks go under every week, and the other not-so-large ones are reluctant to get back into lending. Business can no longer depend on the US Treasury to provide more money for them through the banks or any stimulus because America is flat broke and owes trillions of dollars to the Chinese and other countries. Our government is helpless to stop the economic catastrophe we are in, and these writers say American workers are overpaid? With real unemployment approaching 25%, there are no American workers being paid anything at all.
The answer to no credit and no job is more income, something self-employed entrepreneurs are in a unique position to provide. For yourself, begin now to implement those measures you have been putting off, in search of a more convenient time, that will add to your income and build your business for a successful future. The time to begin using your new ideas is now; whatever business schemes you are planning to use will take time to show results?may take years, so start right now. Time is of the essence.
If your business uses any kind of affiliate or associate program, you are in a unique position to help your new prospects solve their credit problems, or their unemployment, with more income. With your own established business you will be able to convince a lot of prospects of the necessity to begin now to prepare for a better future. Having additional income, they will not need to ask for so much credit, and they will be able to come up with larger down payments on the things they need. What’s better, they will no longer be unemployed. They must be shown the time is now, and very critical, to begin their business so it will have time to succeed when they need it most. Nothing happens quickly in the business world.
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Tags: american, anti-business, consumers, credit, government, home based business, income, new unemployment, november elections, recovery, small business, taxes













