Another week another 428,000 out of work and the propagandists were belittling the situation from the moment the words came out of their mouths, saying, “The stock market’s rallying. The Chicago PMI is up from 56.6 to 61.1.” In talking about the stock market they are saying they don’t know why the market is going up in the face of such high jobless numbers, maybe it is because of Greece. Bullshit, bullshit, bullshit. This is how it goes.
The more we lose, they more they get. When a person loses their job and then their home, there is a real effect. Let’s say that home was originally purchased at $80,000 and by the time the compound, compound interest was added, the mortgage came out to $160,000. The person who lost their job and was foreclosed on had paid $80,000 before going into foreclosure. That $80,000 represents real wealth as does the original property.
Continue reading “99ers HR 589 Unemployment Extension – 428,000 New Unemployed”