Saturday, August 1, 2009

(Blog#1238)- [There is a storm coming.] The time has come to do something about the raging socioeconomic tsunami that is spreading destruction and chaos in America and the world.

Do not be fooled into believing that our problems are being resolved simply because the Stock Market value increased a few days ago and the Standard and Poor’s 500 stock index closed at around 9,160. The true facts are that: (1) too many college student still can’t find jobs and have accumulated excessive debt to get a college education; (2) people are having problems paying credit cards while credit companies are using every excuse in the book to increase rates and lower credit lines; (3) it is super difficult to get a job and far too many workers are trying to get jobs with the government because very few companies are hiring; (4) Mass layoffs of workers has not ceased; (5) Home foreclosures has not been temporary halted, for one year, by the government; (6) the unemployment rate is over 10% for workers and much higher for college students. Lastly, “Bankers” are still reaping billions of dollars in lavish bonuses, after receiving 100s of billions of taxpayers’ dollars.

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