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Impending 'Triple Hit 'To U.S. Economy

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The Impending Triple Hit to the U.S. Economy

This does not translate into good news. The Dow is falling, job growth is nonexistent, and the unemployment rate is up, but that’s not the worst of the economic news. After December 2011, extended unemployment benefits expire. According to The Lookout, the loss of unemployment benefits will remove $37 billion from the economy. Almost 20 percent of personal income is “now provided by the government,” reports the New York Times.

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    Total 5 comments
    • BurnCycle

      i love the false indicator of “market value” its like cheering the house winning at the casino everytime some moron loses his shirt and or house. The 9.2% is such a joke even cooking the numbers which are closer to 30% cant continue to hide the horror of how absolutely screwed america is as the NWO implodes us just like the WTC buildings. And people just want to crank up the volume of delusion, distraction and see just how far one can bury their head in sand.

    • AmrahAOson

      Good point,and after driving across america for years it is obvious that there billions of acres of land owned by the governments and corporations and banks. And there are about 25 million homeless people in america who could put about 5 acres apeice of this land to good use and grow food and build houses with the help of the government and americas wealthy and corporations. It would be a big boost to the economy and help many people fix their lives. I dont care about any of the exuses against this as none are valid!! Sure some wont work out but over half will then you have added that many back to the economy. the land does not belong to governments or to the corporations and the rich. Ultimately it belongs to everyone! The powers that be need to remember, The meek will inherit the earth! there are some things in the universe that are absolute. And this is one of them. It seems banks have foreclosed on 1/3 of america? When it was their unscrupulos policys that lured those people into those highly questionable loans in the first place, and helped to fuel the speculation on wall street that jacked up the values inordinately of most propertys. thereby causing payments and interest to be that much more. then when banks foreclose, they have so many propertys they are unable to get a good sale on most so they auction them off for much less than the original homeowner was to pay. And many properties set empty and deteriorating, making them worth that much less. While the familys that once inhabited them have to get by with much less or are even homeless. Face it people, banks and the people and corporations who own them are evil, and any government that would back them up or bail them out is evil. This is not a description it is a well known fact! So who are you going to vote for next. This is not a galaxy far far away, the evil ones are taking over our planet right now and have been.

    • FNPmitchreturns

      the stock market is now nothing more than a scam to milk money from everyones 401K …. it is nothing more than a confidence market today that is why there are such wild swings …

      the unemployment rate is about 24% according to shadowstats.com where they use the formula abandoned in the 90s to calculate the real unemployment rate….

      foreclosures are not slowing down if you look at NY .. at the current rate of processing and foreclosing through the court system it would take 69 years to eliminate them all. Then banks have slowed down the number of foreclosures because the courts are making them do it legally with the correct paperwork and this has caused some of the backlog of about two million homes which should be in active foreclosure ….

      the banks and the federal Reserve have done more to hurt this country than Alciadia ever has …..

    • truthseekerinmo

      Unemployment benefits will be the victim of too much debt.

    • alexblanelayder

      Habakkuk 2:4-11 for woe to them that get rich off of loans.

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