Thursday night's speech by the President has the following backdrop:
14,000,000 million unemployed
9,000,000 million part-time workers seeking full time work. When the economy improves, these workers will most likely become full time workers but no new jobs will be created--- expansion without hiring.
3,000,000 million stopped looking for work (I actually think this is low. I think many people started their own businesses as sole propreitors. This number is much higher than they think!)
Total out of work ---16%
Asking for time before a joint session of congress to give a speech is tantamount to a "war" speech. I would agree that we are in a domestic economic war. We however have been in this economic malaise for two years since there has not been a recovery. Will the President play politics again? Or will he and congress get their acts together and lead us out of economic ruin? Talk to you Friday about your thoughts -- or will you just watch the NFL pre-game show?
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The recession will end on Thanksgiving Day following a Global Telethon that will rock the world.
Corporation CEO’s will appear on the telethon and announce their hirings funded by 10% of their savings ($2 trillion now being hoarded by U.S. companies).
$200 billion from corporations will hire 5 million at $40,000 per year salary.
Now, which corporation has the guts to be first? Any suggestions?
PS: Congress will not be needed
PSS: Real estate will go up as will the housing industry. The smart one's will scoop up as much as they can before the law of supply and demand sets in and rates go up.
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