| ||||||
| Budget and Taxes Do you feel that raising taxes will help solve the debt of the United States? Are you a fan of Reaganomics? |
 |
| | LinkBack | Thread Tools | Display Modes |
04-04-2008, 09:39 AM
| #1 (permalink) | |||||||||||||||||||||
| Council Member   Join Date: Jul 2007 Location: Chicago 'burbs Gender:  Posts: 1,265 Country: 
  |  When does the "rough patch" turn into a "recession"? Quick survey of recent headlines... Looks like a recession to me. How about you? =============================== Jobs slashed, pointing to recession - Yahoo! News WASHINGTON - Employers buffeted by talk of recession slashed 80,000 jobs in March, the most in five years and the third straight month of losses. At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy might already be shrinking. Jobless Claims Hit Recessionary Levels, 21/2-Year High Before Fri. Jobs Report - Yahoo! News Jobless claims spiked to recessionary levels last week, the government said Thursday, signaling that labor markets are deteriorating quickly on the eve of the March jobs report. New claims for unemployment benefits shot up 38,000 in the week ended March 29 to 407,000, the highest since September 2005, just after Hurricane Katrina. Investment firms tap Fed for billions - Yahoo! News WASHINGTON - Big Wall Street investment companies are stepping up their borrowing a bit from the Federal Reserve's unprecedented emergency lending program. The Federal Reserve reported Thursday that those firms averaged $38.1 billion in daily borrowing over the past week from the new lending program. That compared with $32.9 billion in the previous week and $13.4 billion in the first week the lending facility opened. The Fed, for the first time, agreed to let big investment houses temporarily get emergency loans directly from the central bank. This mechanism, similar to one available for commercial banks for years, will continue for at least six months. It was the broadest use of the Fed's lending authority since the 1930s. | |||||||||||||||||||||
| Sponsored Links |
|
04-04-2008, 10:32 AM
| #2 (permalink) | ||||||||||||||||||||||
| Congressional Representative   Join Date: Feb 2007 Location: Grand Rapids, Michigan Gender: Posts: 2,208 Country:
 | Quote:
| ||||||||||||||||||||||
|
04-04-2008, 10:36 AM
| #3 (permalink) | |||||||||||||||||||||
| Moderator   Join Date: Mar 2007 Location: San Diego, CA Gender:  Posts: 4,879 Country:
| Of course, if it were the GOP's still controlling the White House, naturally the Dems would blame them. What goes around, comes around. Or the more things change, the more they stay the same.   Thy word is a lamp unto my feet, and a light unto my path. Psalm 119:105 | |||||||||||||||||||||
|
04-07-2008, 04:45 PM
| #4 (permalink) | ||||||||||||||||||||||
| Block Captain  Join Date: Sep 2005 Posts: 215
| Quote:
blame game to get out of doing their job doesn't change the results of their actions ! Both are partially to blame, but the REPS were in the drivers seat this time so they should get more credit this time! Keeping these two parties in power will only lead to suffering by the "Common taxpaying American". By Definition I think we are already in a recession, and if you expect the REPS or DEMS to be honest with you about them allowing a recession, you are hopeless! And Things have not changed for the last >100years ! That's why it might seem like it stays the same. | ||||||||||||||||||||||
|
| Bookmarks |
« Previous Thread
|
Next Thread »
| Thread Tools | |
| Display Modes | |
Linear Mode
All times are GMT -5. The time now is 08:25 AM.
