Geithner Says Unemployment May Peak in Second Half of 2010

There is a way out of it. If every city and town manufactured items Americans need, it would be a return of the manufacturing sector and people would be back to work. There isn't anything that difficult about this. The Association of Mayors should be talking to each other. One city makes the gears the other city makes the hoses and before you know it an assembly plant for washing machines is employing our people again. Localize your economies. We can do this.

They did it to us. They took our money and threw up out the door. Now, if one wants a job there might be part time employment without benefits. Why should the companies that are rolling profit after profit actually compromise their bottom line to benefit the people of the country.

No reason.

I remember hearing people fearful for their jobs and their economy if vasts amount of money wasn't thrown at the banks. They believed Paulson while company after company downsized and rid themselves of costly employees.Think about it a minute. Why would any company restucture their work force back the way it was before the collapse. It far easier and less expensive to put two people to work where there was one, denying them any benefits including health care.

The fact is the USA will not find a 'boom' as with Bush and Paulson because it was all artificial. The Republicans ran up the deficit, instilled meaningless programs and called it necessary. The Bush/Paulson economy was buoyed by the US Treasury. Just that simple. Increasing the debt, while shrinking the dollar. There was a lot of money floating around, but, it was all government money, not profits The bottom line to most businesses during the Bush years had government money coming in somewhere.

Withdrawal is tough.