I loved the article http://seekingalpha.com/article/182072-here-comes-the-double-dip-recession
Where some of his numbers are a bit on the extreme, he does outline one thing that is very true that a lot have missed.  If your job losses continue to rise, and job creation is lowering it is impossible to have a lower unemployment rate ie November 2009.  And as his article also points out we will continue to see unemployment increase through most of 2010, because of no stimulus jobs.  Most people will notice that stimulus money has been given to large corporations to create or save jobs, which in November the government no longer made it a requirement for them to track which jobs they made, or saved and to lump it into one number, thus making the number worthless.  Of the 2 trillion dollars that where to be spent on infustruture projects, where is it?

Azorus said:

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I loved the article http://seekingalpha.com/article/182072-here-comes-the-double-dip-recession ... Of the 2 trillion dollars that where to be spent on infustruture projects, where is it?

@Azorus
It isn't merely $2 trillion.  More like $4 trillion.  A conservative American cable TV commentator remarked, using a blackboard, that AIG insurance, the auto industry,  banks, and other were bailed out by the Gov't.

They borrowed the money because there isn't that much available in the economy.  They'll probably need to borrow the money for interest payments, which will compound the problem.

This isn't any answer to the *problem*.
Even California's economy, where I live, has been described as not only a train wreck, but a high speed bullet train wreck about to happen.

It's only a matter of time, as I said before.

--Lee

I was only going after the 2 trillion the article hinted at as disappearing, but agreed that it would be more like 4 trillion that would have disappeared in total, if you don't count stupid superbowl ads.  And they will prolly spend it on interest payments to forien criditors, which in turn will make the global economy fall again with the us, when we can not make the next payment of intrest.  All and all a bad situation.  Check out what Maine did today to try and balance there budget, it's on cnn, under us tab.

Quote from: Azorus on January 19, 2010, 02:26:24 PM
And they will prolly spend it on A to forien criditors, which in turn will make the global economy fall again with the us, when we can not make the next payment of intrest.  All and all a bad situation. 

I absolutely agree, Azorus.  "The end is nigh", as it was once said.  I noticed on your Overunity stats that you're a European?  Are things as bad in Europe as they are here in the States?

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Check out what Maine did today to try and balance there budget, it's on cnn, under us tab.

I'll look at it.
Reedit:
The article was gone on CNN.  However the periodical papers, NY Times and the Bangor Daily News indicated in articles that steep budget cuts were possible.  Was that what you were referring to?

--Lee

The article I was refering to was one that involed the governers grand plan to save the states budget for 2011 was to cut half the state jobs, ie schools, traffic repair/control.  in order to cut the States defacet in half.

And no things are not as bad in europe.