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Recession 2016: In Some States, A Very Deep Economic Downturn Has Already Arrived

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Recession 2016 - Public DomainDid you know that there are some U.S. states that have already officially fallen into recession?  Economic activity all over the planet is in the process of slowing down, and there are some areas of the country that are really starting to feel the pain.  In particular, any state that is heavily dependent on the energy industry is hurting right now.  During the years immediately following the last recession, the energy industry was the primary engine for the growth of good paying jobs in America, but now that process is completely reversing.  All over the U.S. energy companies are going under, and thousands upon thousands of good jobs are being lost.

On Sunday evening, Bloomberg published an article entitled “The U.S. States Where Recession Is Already a Reality“. The following is an excerpt from that article…

As economists size up the chances of the first nationwide slump since 2009, pockets of the country are already contracting. Four states — Alaska, North Dakota, West Virginia and Wyoming — are in a recession, and three others are at risk of prolonged declines, according to indexes of state economic performance tracked by Moody’s Analytics.

The three additional states that are “at risk of prolonged declines” are Louisiana, New Mexico and Oklahoma.  What all of those seven states have in common is a strong dependence on the energy industry.  Last year, 67 oil and gas companies in the United States filed for bankruptcy, and approximately 130,000 good paying energy jobs were lost.

If the price of oil does not go back up, this could be just the beginning.  It is being reported that a whopping 35 percent of all oil and gas companies around the planet are at risk of falling into bankruptcy, and the financial institutions that have been backing these energy companies are getting very nervous.

Of course things could shift dramatically for oil and gas companies if World War 3 suddenly erupts in the Middle East, and that could literally happen at any time.  But for the moment the outlook for the energy industry continues to be quite dreary.

Let us also keep in mind that the problems for the U.S. economy are not limited to the energy industry.  According to CNBC, corporate profits in the United States have now declined for three straight quarters, and this is the very first time this has happened since the last recession…

With 87 percent of the S&P 500 reporting, total blended fourth-quarter earnings have shown a decline of 3.6 percent, according to FactSet. Assuming the trend holds up, it will mark the first time profits have fallen for three straight quarters since 2009.

But the road ahead doesn’t get any easier.

FactSet is now projecting that earnings will decline 6.9 percent in the first quarter, a stunning move lower over time considering that in September the expectation was for 4.8 percent growth.

As corporate profits fall, layoffs are starting to increase.  Just the other day we learned that the number of job cuts in this country shot up 218 percent during the month of January according to Challenger, Gray & Christmas.

It is starting to look very much like 2008 all over again, and I am convinced that it will soon be much, much harder to find work in America.

Here are some more numbers that indicate that the U.S. is heading into a major economic slowdown…

U.S. exports were down 7 percent on a year over year basis in December.

U.S. manufacturing activity has been in contraction for four months in a row.

U.S. factory orders have fallen for 14 months in a row.

The Restaurant Performance Index in the United States has dropped to the lowest level that we have seen since 2008.

Orders for Class 8 trucks in the United States dropped by 48 percent on a year over year basis in January.

But the mainstream media continues to try to convince all of us that everything is going to be just fine.  Earlier today, CNN ran an article entitled “U.S. recession fears fade after market rally“, and the Wall Street Journal published an article entitled “The U.S. Economy Is in Good Shape” that got a tremendous amount of attention.

Well, if the U.S. economy is in such great shape, then why are some of the biggest retailers in the entire nation shutting down stores at a frightening pace.  The following list of store closures comes from one of my previous articles

-Wal-Mart is closing 269 stores, including 154 inside the United States.

-K-Mart is closing down more than two dozen stores over the next several months.

-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

-Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

-The Gap is in the process of closing 175 stores in North America.

-Aeropostale is in the process of closing 84 stores all across America.

-Finish Line has announced that 150 stores will be shutting down over the next few years.

-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.

Perhaps things look fine for the moment in New York City or Washington D.C. or San Francisco or wherever it is that these “reporters” write their articles.

But for ordinary Americans that operate in the real world, the pain of this new economic downturn is already exceedingly apparent.  Here is more from Bloomberg

Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived.

Everyone is going to have to tighten their belts,” said Oxley, the 48-year-old owner of a Charleston-area construction company. “The next couple of years are going to be difficult.”

Unfortunately for hard working Americans like Oxley, what we have seen so far is just the tip of the iceberg.

We have entered a long downturn that is ultimately going to be even more painful than the last recession was.

And everything changes if Saudi Arabia and Turkey get trigger happy and decide to invade Syria.  If that happens, it could very well be the spark that sets off World War 3 and a full-blown meltdown of the global financial system.

  • ali

    Recession yes but WW3 no, it’s not going to happen. Stakes are too high for everyone involved to start a war.

    • RTL89

      Consider all the resources that have been poured into these invasions. It has literally cost future generations any chance at a reasonable living. The only way out of it is through a gigantic war. I never understand when people say WW3 isn’t going to happen; it’s an absolute certainty!

      • Gay Veteran

        how many $TRILLIONS did we waste in Iraq?
        well, no war profits without war

    • Paul Patriot

      The prophecies in the Bible would disagree with you.

    • Kent Harris

      People are always in denile about war until it happens. It is called normalcy bias.

      • Rorschach

        Normalcy bias and Stockholm Syndrome is what occurs.

      • TL2

        How about cognitive dissonance? Let’s throw that in there, too.

    • Richard O. Mann

      For the West, yes. For the Islamist/Muslims, no. Iran wants to start a big war, even WW3 size so the Mahdi will come and make the world Muslim. All the Islamist groups hold to one form or another of this teaching. So, for all those countries in the Mideast, if it is Allah’s will, etc, etc. MAD does not work with Islam.

      • Gay Veteran

        BS

  • ALWAYSTOMORROW

    Everything still looks fine where I am.

    • Mike

      He’s got his own symbol. That would be a cool tattoo to get. Right next to the tribal band around the bicep.

      • Dave

        Or right below his forehead where it says, “Nothing Here.”

        • Rorschach

          I think it should say “Insert brain here” because there is nothing there.

    • awb22

      Report to your nearest FEMA encampment, all is well.

    • Ken

      You suffer from nearsightedness?

      • Bill G Wilminton NC

        troll itis…………….

    • Paul Patriot

      Wow! Amazing the perspective one has when they have their head in the sand…..

      • Bill G Wilminton NC

        head in butt

    • SunnyFlaSnotress

      I applaud your new icon AlwaysTomorrow.. It’s quite professional looking. I see the A and the T.. It also reminds me of a cross between a compass symbol and the Chinese radical for a tree.
      en.wikipedia DOTorg/wiki/Radical_75

      • Rorschach

        Oh look at the circle-jerk Sunny and Always have got going on.

        • Bill G Wilminton NC

          Well said…………..

      • ALWAYSTOMORROW

        Google Alwaystomorrow, (images). It is some small bands logo.

        • Bill G Wilminton NC

          Its SP2300ROFL with a T square and compass….BOO….we see you !

      • Bill G Wilminton NC

        I see SP2300ROFL in hiding…..BOO !

    • Rorschach

      Back to the usual where you and Sunny upvote each other and don’t contribute anything.

      BTW everything looks fine where you are because you are:

      a) in a troll cave
      b) under a troll bridge
      c) all of the above

      • ALWAYSTOMORROW

        Rorschache, maybe everything is fine where I am because everything is fine where I am. Please stay where you are and keep all the “bad” with you.

        • Rorschach

          BTW everything looks fine where you are because you are:

          a) in a troll cave

          b) under a troll bridge

          c) all of the above

          Looks like C.

        • Bill G Wilminton NC

          Hi… SP2300ROFL peek a boo we see you

    • Bob Johansen

      I know a lot of bodybuilders that look great, but their Liver is about 3x as old as they are.

      • ALWAYSTOMORROW

        I do not drink at all. Nothing.

        Sorry to disappoint.

        • Bob Johansen

          I was making a metaphor to the economy, genius.

        • chilller

          None the less you seem to have the same lifestyle of a duodenal ulcer….
          yeah….google that up….

        • Bill G Wilminton NC

          PEOPLE say hi to SP2300ROFL in hiding

    • Richard O. Mann

      Good drug supply?

    • Bill G Wilminton NC

      PEOPLE this is SP2300ROFL we see you peek a boo

  • tacoma

    Meanwhile, Saks Fifth Avenue is opening two ultra modern flagship high end stores in Toronto, Canada. You know, Canada the country Americans scold as the socialist near failed state up north who sinned unforgivably by having universal health care, have tight gun control, and whose currency is worth almost nothing.

    • Terry Wrist

      Canada is already officially in recession so it’s a bizarre statement you make.

      • TL2

        Most Canadians truly have no idea what is actually going on, nor how bad it really is.

        • Rorschach

          Your right but is that any different from Americans who think that the Federal Reserve still has ammunition left or even that central banks still have tricks left besides NIRP?

          • TL2

            Not in the least. Although I am not an American, it does bother me when fellow Canadians think their country is fairing better than the U.S. I remember when the sub-prime exploded, the Canadian government immediately started saying Canadians don’t have to worry that such a thing would happen in Canada. Perhaps not exactly, but as soon as I heard that, I knew Canada was in trouble.

            There seems to be a more Americans on the ball than Canadians. I read Canadian newspapers still (ex-pat), and in my opinion, compared to Americans, there are few Canadians who have discussions such as the one we are having. There are only a handful of alternative news outlets in Canada compared to the U.S. But thankfully that is changing. Considering the plans of the NWO, neither country will rise up again after they fall, as least not in its present form. People need to be made aware so they can prepare accordingly.

            I have much to say about this, but this is not the venue. Have a great day.

        • Bob Johansen

          The maple syrup numbs the pain.

          • TL2

            So does a reality check.

          • Bob Johansen

            Salt is good too. The JAMA and Harvard studies say the FDA is Way to low on salt recommendations, dangerously low.

          • TL2

            LOL… Agreed! Maple syrup and salt, good combo, especially on baked beans…..

          • TL2

            LOL… Maple syrup and salt make a great combination, especially on baked beans.

          • TL2

            That’s because the PTB want most of us dead. I stopped trying to eat healthy according to what “they” recommend. Wanna know what happened? I got healthy….

      • Rorschach

        Not to mention the Canadian financial industry exposure to declining oil prices (look at the recent Zerohedge report we are talking billions), and they also have an unresolved immigration crisis and inflow and also a huge housing bubble. Canada is just as bad of a shape as other countries.

        • TL2

          BTW, just heard some stats. Food prices in Alberta alone have gone up 17%, suicide rate 30%, downtown Calgary emptying, people are noticing. It is a proverbial bloodbath.

          As a side note, I worked in o&g before becoming domesticated. When I was a youngin’, my family just moved from NB to Alberta in 1981; the crash then (it was very bad), not as bad in 1995, 1998 and 2008. This crash, however, many old hats in the industry are saying is as bad if not worse than 1981-2, some saying it different this time around. Many old timers in the industry are not returning after getting laid off. So the industry is losing valuable experience and talent.

          • Rorschach

            For a good read I recommend looking on Zerohedge for: “These Are The Two Canadian Banks Most Exposed To A Severe Oil Shock According To Moody’s”

          • TL2

            Thanks.

    • awb22

      And whose economy is gripped by the same fall in energy prices as the US

    • Thomas D Guastavino

      People at the very, very top always do well. The difference is that like monarchies, the very top in socialist/communist countries are the only ones that do well.

  • Richard Paul

    Here is a Canadian with a web site on our economy and about End Times. THings are very bad here but most people are snoozing on this one….rpcnews.com

    • TL2

      So I am not the only one who sees the terrible residential school program as a type of holocaust. I personally think it was a mass MK Ultra type experiment.

      I was told some stats regarding Alberta’s food prices, suicide rates (17%, 30% increase respectively). Would you be able to confirm these reports? Thanks.

  • Wizard of Aus

    The situation in Australia keeps getting worse. As mining towns have closed down around the country, property values have fallen dramatically leaving investors with empty houses and no rent. It is also envisaged that Sydney will see declines in property values of 50%. As the value of steel has dropped many firms are going bankrupt leaving thousands without work. Defence Shipbuilding in South Australia is under a cloud which may affect 1300 workers & BHP has made a massive loss. As for my trip to Albuquerque later this year, I might put that on hold.

    • Rorschach

      What about Melbourne. Last I heard that they were also suffering declining property values and issues with foreign real-estate ownership.

    • Orac4Prez

      There is a shortage of rental properties in Sydney and Melbourne. Try renting at an affordable price.
      However, many are vacant because they are foreign owned and they cant do negative gearing. They can’t rent as they are “illegally” acquired and the real owners are relying on massive capital gains. Recently, the power distributors did a survey and concluded that in Melbourne and Sydney about 10% of the properties are “vacant” as they have not consumed any power (or water) in the last 12months. Some areas have up to 20% vacancies. If they happen to come onto the market then the rents and general valuations will tumble. I lived in Kirribilli (Sydney) and our neighbour had a vacant apartment in the complex just for his relatives to use when they visited, but that was an exception. On the floor above mine there were 2 apartments and I don’t think anyone has seen the door open in the past 3 years since it was sold.

  • Wizard of Aus

    In addition to the post below, a couple in NSW who had a $2.8 million dollar property value in coal mining towns have admitted that they were too greedy and didn’t think about the consequences of a downfall. They are now considering bankruptcy. The moral of the story is that people think the good times will roll on forever…they don’t.

  • Barry Goldwater

    One crucial factor I will add here is that America’s largest generation is leaving the workforce in droves, Baby Boomers accounted for an incredible portion of the money invested in 401k’s over the past thirty years and a heavy portion of goods and services. Now as they leave the workforce their investments are ceasing and their shopping trips are diminishing and the loss of their impact is only just now being felt. Those people born between 1946-1964 are large in number and there’s millions more to make toward the exit door.
    This is a principal reason politicians are intensifying their attacks on Social Security and it’s going to get worse. Most want to raise the retirement age to 70 so we’ll have better odds of dying before we get to collect.

    • Series 7

      I wish they would hurry up and leave the workforce. Maybe I could find a job.

      • Barry Goldwater

        This is actually another issue, principally one of your being a victim of bogus UI reports. The actual UI number is way higher than the BLS/ BS agency is reporting. So you’re being fed this total crap from an agency our taxes pays for, a crime in itself but government doesn’t have to answer to anyone anymore right?

        • awb22

          Completely nonsensical, dont tell me, retired civil servant, right?

          • Barry Goldwater

            No, wrong on both counts but of course I can’t stop you from swallowing BS if you happen to believe it. This person like many others is having a hard time finding employment and it’s not Boomers fault but he and others like him would find it much easier if government were on their side rather than being the self srving entity it’s become.

          • awb22

            what, not retired and not public sector?

            “It’s not boomers fault” Maybe not their fault, but what has anyone done to counter it?

            It started during the Reagan administration and can be traced back to the Nixon era. What have the boomers done except embrace it and made it their own. I can’t stop you believing your own BS, either.

          • Barry Goldwater

            Of course not, how could unemployment be the fault of any employed person? Speaking of none sense , can you believe this guy?
            The only thing we can do to counter this is to hold the bums in Washington accountable and so far we’re not willing to do that. We continue to go back every four years and select yet another politician from the heap and expect things to get better and they don’t and never will as long as this continues. It’s like hiring a thief to guard your property because you’re afraid something might get stolen.
            The Washington Establishment serves itself and we the American people now serve the government an exact reversal of the Constitution.
            I repeat again , you can’t trust a single statement from any US Government agency regarding anything. Washington is now the leviathan serving itself , everything it does is designed to increase it’s own power.

          • awb22

            you’re still not making any sense. you’re a boomer, we’ve already established that much, and you’re in the work force.

            Tell me, exactly what have you done, or propose should be done to counter this evil you say exists?

          • Barry Goldwater

            Evidenced that your wish is to take an open discussion and make it about me. Proof positive you haven’t a clue as to the crises at hand and perhaps maybe you don’t even care in truth.
            The economics of what we’re discussing and the facts which support them are readily available to anyone who wishes to take a bit of time to research them. Whether you understand them at the end of the day is entirely another question altogether.
            This discussion nor any subsequent discussions will ever be about me nor will it be about any other participant, that isn’t my mission.
            My mission is to respect the purposes of this forum and the rights of all it’s participants while at the same time lending voice to not only my opinions but the opinions of many others who feel as I do.
            If you happen to be a believer in the hogwash spewed out by the Establishment and their lackeys as I suspect may be the truth, then certainly I understand your consternation with these discussions. Trust me when I say there are other forums where your comfort levels will be assuaged to your liking.

          • Gay Veteran

            watch out Barry Goldwater, awb22 is a STALKER! soon he will comment on EVERY single comment you make

          • Barry Goldwater

            Yes I gathered as much, I’m a battle scared veteran of many forums . After a while you begin to recognize the patterns. Thank you .

          • awb22

            haha, glad you two nitwits can agree. sodomite joe the projecting hypocrite, and I’ll get a handle on bg, the nitwit.

          • awb22

            hahaha, don’t flatter yourself, sod.

          • awb22

            you’re the one spewing hogwash, a paid commenter, perhaps?

            No matter, since you’ve said nothing even remotely addressing the issue, I’ll have to accept the fact that you just like typing, much like people who like to hear the sound of their own voice. you were coddled in the workforce, that much is absolutely certain.

            If, on the other hand, you are a successful business person and made your own way, so to speak, I’ll accept that getting to the point isn’t one of your strong suits, like the Ents in Lord of the Rings.

            Another possiblity comes to mind, you’re a blue collar worker, and you’ll spend forever without making a point.

            Which is it? Large corporate institutional disease, including public sector, which is the only way you survived, or by some miracle of fate, you were successful in the private sector, and if so, white or blue collar?

            Oh, and watch out for sodomite joe, nothing constructive to say except that he hypocritically doesn’t like the wars that support his beloved statist agenda.

            Both of you can take a hike.

          • awb22

            yeah, I didn’t think so…

            run and hide.

        • sistersoldier

          Right Mr. Goldwater! That is what I have been trying to say. They take our taxes involuntarily… and they use our money without so much as a thank you tax slave, here cat – here dog, absolutely nothing. But no one seems to care that they have no control or have lost what little control they may of had over what was suppose to be a “government of the people, by the people, and for the people” and that it was not to parish from the earth. My God, how we have failed those who fought for our freedoms.

      • afchief

        Thanks to 0bamacare, most new jobs are 29 hours a week.

        • Last Responder

          And most are low level or entry level positions. Career positions are drying up. I’ve been working part time and trying to find full time work since 2008. We’ve gone from living a middle class lifestyle to wiping out savings and living on macaroni and cheese, potatoes, and anything that is cheap. Add to that our healthcare premiums are up to $1700 a month for our family with a $4500 per person annual deductible and we can’t afford to get sick. I’ve quit going to follow up appointments with my oncologist for the cancer they operated on and removed 4 tumors 2 years ago because I can’t afford to meet the deductible. Basically, the progressive plan of destroying America and killing off citizens who aren’t of value to society (which Ezekiel Emmanuel, one of the key architects of Obamacare) says are people in their 50s and older (except for the political elite, who get special exceptions since they are the “rulers”).

          American has fallen, it is not falling. There is little hope for the future unless Washington politicians are replaced with citizens. Throw all the incumbents out! The few who are good that we’d lose (and there are very few) is a small price to pay to get the government back in the hands of the people.

          • afchief

            Sorry to hear that! I too am a cancer survivor. I did 23 years in the military and my docs think it was something I was exposed to in Iraq. Don’t know for sure.

            I will pray that God opens a door for you somewhere for a full time job.

            Yes, liberalism is a cancer slowly killing our country.

          • Lazarovic

            You all are so terribly confused. It must be awful to not understand where your best interests lay, and to constantly be brainwashed into believing what the wealthy want you to believe. Turn off the Fox Fake News, it might clear up.

          • afchief

            More proof that you can’t cure stupid… and it seems there is a constant germ growing in the US Educational System from Elementary to College level…to Democrat politicians…to media LIBERALISM-it is

          • Gay Veteran

            six CORPORATIONS control over 90% of the media

          • Lazarovic

            You’re a nasty little cuss, aren’t you? You should practice some manners. Or, maybe you could intelligently argue your point, instead of resorting to name calling? Are you capable of that chief?

          • Thick Willy

            Which cancer did you have? Thankfully you are recovered and doing well!

          • afchief

            Had bladder 6 years ago. Lost a kidney to cancer last year. Drastically changed my diet now. No more sugar or processed foods.

          • Thick Willy

            Sugar is a bad one, I have massive anxiety and depression so I try and eat as best as I can.

          • afchief

            Do your research on cancer. It can be beaten with nutrition.

          • Gay Veteran

            “… I did 23 years in the military and my docs think it was something I was exposed to in Iraq….”

            yet another consequence of our war of aggression against Iraq

          • omega insane

            Most likely depleted uranium, which they were coating tank shells with. They know what caused it: they just dont want the victims to know, to avoid any “annoying” legal “harrassment” demanding justice.

          • Rorschach

            Basically the same problems that plagued Rome corruption etc… are all present in the modern day Roman Empire aka America. As they say the rich get richer and the poorer get poorer and elections won’t fix this.

            Until Americans stand up for their rights and take back what is theirs the status quo will continue until there is nothing left to continue. The fact that even college/university graduates can only find work as waiters/waitresses and lowly paid part-time work says it all.

          • Richard O. Mann

            I think it is too late. The rot on the inside has gotten so bad, I don’t see any way to fix it. Add the attacks coming from the outside, and you have the end of America as we knew it.

          • MP

            That’s worse than the developing World. My family are rural Thai and an uncle presently has cancer. He’s in hospital, good cancer care and it costs the family a dollar a day.

            Why are you paying so much money and receiving nothing in return?

            My thoughts are with you and your family and I pray you stay well.

          • whatever32966

            Ezekiel Emmanuel, who is the brother of Rahm Emmanuel, who was a former White House Chief of Staff, firmly believes in the class advantage of the ruling elite. Most columnists I have read try to play Emmanuel’s views down. But the reality is that that is where he stands on the issue. Eliminate the older Americans by having them pay exorbitant health care costs that will ultimately bankrupt them…and lead to their demise.

        • Lazarovic

          No, that’s thanks to greedy employers who don’t think the people who work for them are human beings that deserve health insurance. Stop trying to shift the blame.

          • afchief

            Yes, more proof that liberalism truly is a mental disorder!!!

            Obamacare Tightens Yoke on Small Business

            American Spectator | 1/4/2016 | David Catron

            One of the worst of Obamacares ill-conceived provisions went quietly into effect on January 1. The employer mandate, previously inflicted only on businesses with 100 or more employees, will now be imposed on those with as few as 50. This mandate will prevent countless small employers from hiring workers they would otherwise have hired and incentivize many others to replace full-time employees with part-timers. It is such an obvious job killer that the Obama administration delayed enforcement until after the 2014 midterms, the liberal Urban Institute has called for its repeal, and it has even been obliquely criticized by Hillary Clinton.

            The employer mandate requires all businesses with 50 or more full-time employees to provide health coverage to at least 95 percent of these employees as well as any dependents they may have under age 26, or pay crippling fines. But not all small employers can afford to offer insurance. Those which lack the resources to do so will avoid the mandate by assuring that the number of full-time workers they employ remains below 50. And, because Obamacare has arbitrarily redefined full-time to mean 30 or more hours per week, the employer mandate effectively caps both the number of workers many businesses can hire and how many hours they will work.

            (Excerpt) Read more at spectator. org …

          • Surfer2u2015

            What an idiot. Obamacare is all about furthering the corporate wreck that is called “health insurance” in name only. It furthers the banking cartel, big-pharma, and the CEO hucksters skimming all their personal profits from the people trying to afford healthcare. Get a grip and look around.

          • lisaherg

            Something that used to be considered a “perk” is now a human right! Should my employer also be responsible for paying for my car insurance, my food, my shelter, my clothing?

            We, as humans, have the God-given right to work for everything we need, and we used to have the right to decide what to buy and what not to buy. Expecting others to pay for a product you need is why we are where we are today.

            The real question no one seems to be asking is–Why is everyone in the U.S. so sick and depressed all the time? On Bragbook we all look like we’re having a blast!

        • Philosopher

          Exactly. Who saw that coming?

        • Orac4Prez

          In Australia, you only have to work 1 hour a week to be qualified as fully employed. I was offered a contract from a government department and the person I spoke to said the government was pressing them not to employ any permanent people, but to get several as external contractors. They pay less, and shift costs to the contractor. Plus if you employ 4 people the unemployment figures will look better. After all, as one of my bosses once said “Your job is to make the minister look good!”

      • laura m.

        Many are still working into their 70’s, some are self employed. Ones over 65 still working for companies need to retire,but they are greedy and selfish like some I know. The old law of booting folks out of the workforce at 65 needs to come back to be fair to young folks who need jobs, These old geezers think they are going to take it all with them into the next life is my take. These old farts need to move on out and make room for the ones coming into the labor force. Hubby did it, so can others.

        • Series 7

          LM, you got where I was coming from. I don’t expect the USG to legislate a job for me, I was merely sharing the observation that 65+ Boomers still occupy jobs that I would like to do, but they took such a hit to their retirement savings in 2008 that many of them can’t retire. I am an accountant with a BSBA and MSA, but have been grossly under-employed for years. The last company I was with had a female CFO who was pushing 70! I would’ve liked to have been groomed for that role, and I pitched myself to the owner who said, “She will never give up her job” (e.g. she will work here until she dies).

        • Gay Veteran

          harpy, a lot of seniors HAVE to work in order to survive.
          so top blaming some of the victims

          • awb22

            you’re correct up to a point. most have to work, some are just greedy. most of the greedy ones are already sucking off of productive labor. the tipping point comes when there aren’t enough productive workers to support the non-productive ones. guess what happens to the non-worker, then. the concern today is that we’ve already reached that point, and the decline will accelerate, assisted by a destructive social agenda of divide and conquer. The only cohesion of these dynamics being a chief instigator, the devil. who gets the credit for much of the greed and avarice, among other things, but not all, since humans have a tendency to muck things up all by themselves. It’s in the unmucking where we tend to find ourselves, and wherein the devil lies in wait. some things never change, like the truth of god’s word, the source of good and the antidote for evil.

          • Auldenemy

            Yes! The government here in the UK have stirred up contempt for anyone without a job, blaming the entire financial crash on the unemployed! So welfare cuts get deeper and deeper and those lucky enough to have work think as long as the government blame the unemployed then all will be well. Who got endless billions in bail outs and now bail ins coming (banks!). Who caused trillions of more debt since 2008, banks getting free money (QE) to carry on rigging markets to make even more obscene bonuses. Oh, and their big Corp. cronies rushing into share Buy Backs of their own companies so as to boost the value of their own shares in the companies they are no longer investing in or even maintaining properly. That the divide between the mega rich and everyone else (in or out of work), since 2008 is surely proof of the utter failure and corruption of our politicians to put their citizens before their bankers.

          • awb22

            the conspiracy goes even deeper when one considers there is a chief conspirator is the devil, then one sees the orchestration of these events, some even supernatural, on a global scale, but all serving the self same purpose. Glory to God in the Highest, and to His Kingdom without end. Amen!

      • VegasBob

        When the Boomers leave the workforce, their jobs are abolished, and newer, younger workers who are already on the staff get to do the extra work for no increase in pay.

        That’s how corporate America works.

    • awb22

      Actually, there are as many generation x and mellinials as there are boomers. Centralized bureacracy is only being sustained by QE to infinity, and when that stops, the party is over.

    • Mad Monkey

      We all know the job number are a farce. In line with what you are saying about baby-boomers, I read a few articles that US tax income from salary taxation is down which indicates the US consumer is not going to save the world economy.
      It is the only remaining ‘positive’ hype the central bankers have, is based on the now ‘poor’ US consumer.
      I have not been able to confirm with certainty the US federal income from salary taxation, anyone with data or insight I would be happy if you would share it!.

      • Barry Goldwater

        I will be happy to provide that for you.
        Our current income tax collections stand @ 1.59 Trillion Dollars.
        It sounds like a lot but when compared to unfunded liabilities of 101 Trillion and a National Debt of 19 Trillion it’s ——- well you get the picture.

        • awb22

          we could mint a trillion dollar coin, march over to the fed and pay off the national debt, but that doesn’t address the over $200T in unfunded federal obligations.

          However, it goes a long way by not paying $500B in interest payments every year.

          In fact, it would be a good start.

    • JI

      No problem, they can easily be replaced by skilled Mexican labor.

    • Orac4Prez

      That’s already happened in Australia. Of course, it is being phased in so it will affect those born after 1965 (I think that’s the correct birth year). But I do blame a lot on my generation. They have been greedy (not all) and as long as they have their jobs they don’t care. Ask anyone looking for work now and their conditions are pitiful compared to the boomer generation. If they get a full time job, their employers only give minimal notice. Compare that with a public servant who gets training and payment to attend, redundancy that is 2 weeks for each year of service, generous long service leave, meal allowances for interstate travel, sickness benefits and parental leave, etc…… And some have been running their own businesses from the government departments. (One recently stood down on full p[ay until the case was proven and then didn’t have to pay back the money, but had severance pay for hardship.

  • tom

    I am surprised to see no mention of Texas. I know that the energy sector was booming there, but with the price of oil crashing I would think the state would be taking a hit. Can anyone corroborate this? I’m in the socialist state of NY where more people are moving away than are coming in.

    • Paul Patriot

      Yeah, they are moving to Charlotte,NC and destroying the south and turning it into a liberal leftist utopia.

  • billtheguy

    I read an article that stated the big banks are looking at less of a bonus for the employees. Less of a bonus? They should not even get one. If the company I worked for had double digit losses, regardless of how they were conceived, heads would roll. Not get bonuses.

    • df NJ

      I work for the banks because they are the ones who have all the money and all the best pay. It’s the American way. Banks own the biggest buildings in the biggest cities. If you can’t beat them then join them.

      • Bob Johansen

        Yes, that’s what most of the Germans said in the 30’s about the NAZIs

  • voltaic

    All republican stronghold states that depend on high oil prices to make their economy work. GOP have nothing else to offer but drill, baby, drill and now their states are paying the consequences of the shortsighted republicans. Vote GOP! Get a recession first!! HAHAHAHAHAHAHA!!!!!

    • Rorschach

      And voting Democrat is any different? Nice try you got fooled by the left/right paradigm. Baaaaaa….

      • df NJ

        Republicans are just as bad as Democrats. If you think otherwise you are delusional. Year after year, our politicians sellout to the highest bidder. Year after year the lobbyists force the politicians to pass laws creating cartels and monopolies in exchange for campaign financing. Name one piece of legislation passed in the last 50 years that actually makes any shred of improvement in the lives of someone having median worker’s wages. In the last 50 years the purchasing power of a workers take home pay as decreased, Every year a dollar buys less and less of a loaf of bread. I always hear people say if it were not for the Republicans things would be a lot worse. How so? Healthcare insurance premiums have gone 300% in the last 15 years. Every five years our healthcare premium doubles. My wages have not even come close. This all comes down to worker’s pay. Bad pay results in no consumers. No consumers then results recession or worse. The number one killer in the World is poverty not terrorism by several orders of magnitude. But don’t work you gun toting Seig Heil Republicans. Go back to sleep.

        • Rorschach

          Oh look another delusional Sheep that fell for the false/left right paradigm.

          Oh and since when did I ever say I support either Democrats or Republicans?

          Now stop trolling and find a real job.

          • df NJ

            And just want are you doing? Every post is troll you troll.

          • Rorschach

            “And just want are you doing? Every post is troll you troll.”

            You should reconsider going back to school. Looks like they let you out too early.

          • df NJ

            Thanks for the ad hominem attack. It says more about you than anything else. My post was actually in agreement with your argument against the left/right paradigm. You must not have many friends with your attitude.

            We simply have no left in this country. Bernie Sanders is a leftist. Hillary Clinton is a Nixon style Republican.

          • Rorschach

            Regardless of who wins the upcoming election Americans still lose. Since when has voting changed anything?

            “If voting made any difference they wouldn’t let us do it.”

            ― Mark Twain

          • df NJ

            I am in total agreement with you.

            My theory is if Trump and Hillary get the nomination then Bloomberg will run as an independent to make sure Hillary gets elected since she is so bank friendly. My other theory is Trump is financing Sanders campaign so Hillary doesn’t win. I think Trump believes, and probably rightly so, he can beat Sanders. This election feels so much like 1979 and Trump is the new Reagan.

            But as we both agree, it doesn’t really matter because the American people will just get screwed no matter what.

          • Rorschach

            I think that Trump and Bernie Sanders are the most likely candidates but the question is that if Trump is Reagan in 1979 then who is Bernie Sanders the equivalent to? Reagan also shown his true colors within a few years and he accelerated the collapse and de-industrialization of America. So if Trump were to be elected would we follow such a timeline as Reagan?

          • df NJ

            Walter Mondale of course. He already told us he’s going to raise our taxes. It’s not a perfect analogy but Obama is like Carter in many ways in terms of popularity.

            Trump would probably do nothing but whatever the Republican leadership told him to do. Trump’s prestige is all that matters.

          • Rorschach

            I think Obama and Carter share the only thing in common is popularity. Jimmy Carter and Obama are much different than they appear to be. At least Jimmy Carter was a more competent president than Obama.

          • df NJ

            I’ve always been an advocate of random drug testing of congress members, the judges, and the president but no one listens to me.

          • Scott Comin

            Very true

          • Bob Johansen

            Reagan made an executive order to make the PPT. They are all masons. It doesn’t matter, it’s already decided.

          • TL2

            Thank you. Very true words, right there.

          • Bob Johansen

            “Every Election Is a Sort of Advance Auction Sale of Stolen Goods” Mencken

          • Gay Veteran

            “…Oh and since when did I ever say I support either Democrats or Republicans?….”

            and where did he say that?

          • awb22

            you support both, so what’s it to you?

          • Gay Veteran

            you’re a natural born liar.

            isn’t there something in the bible about not bearing false witness?

            now stop stalking me, psycho

          • awb22

            don’t flatter yourself

        • REALIST

          As long as you support the FED, the Income Tax and third world immigration, you will suffer.

        • Scott Comin

          So true

    • Mark

      Just remember that the Oil & Gas industry was the only market growing and expanding economically. The rest of the economy has been decreasing. Layoffs are accelerating in large publically help companies like 3M and caterpillar. Why is it that the US. is only creating low paying service retail jobs???? What does the Democrats have to offer. Explain to me how Obummer economics is such a success???Oh ya, Bernie the socialist Sanders who is going to give us free education and healthcare in an economy with a Federal deficit of $20 trillion will save the day. How do you pay for the student deficit of $1 trillion. Maybe instead of subsidizing student loans and artificially increasing demand for colleges to keep professors unions in good grace Democrats should be finding ways to regulate the colleges corrupt ways of screwing the students and parents. If I am paying $50 grand a year for a college education and the professor never attends class only to have a grad assistant teach how am I getting my monies worth? This was supported by your beloved Democratic party. Spend, Spend, Spend, Tax, Tax, Tax, subsidize, subsidize, subsidize, support unions, support unions support unions. Oh, lets look at all the inner cities that are being run by Demoncrats (Yes Demon). How are they doing. High crime, high welfare, murders rate up the roof and ghettos. That was all created by the left wing loon in the democrat socialist party. The same one you adore.

      • ChuckLeDuc

        Wow, you are really delusional. In fact, the economic engines or our economy are all liberal cities — New York, San Francisco, Los Angeles — maybe you’ve heard of these places? It is the dumbshit redneck gun-nut areas that are suffering, deservedly so, I’d say. Why should my New York taxes subsidize a bunch of morons in redneckland?

        • Mark

          Hey Moron,
          Since you seem to be a left wing loon that has no idea about economics and lives in NYC it doesn’t surprise me how you responded to my statement. I worked for a few Fortune 500 companies and a Dow 30 company. I have an MBA and am applying to PH.D. schools for business. I do not know everything but I do know that these cities are going bankrupt, have high crime, and use federal tax resources to keep them going. The only thing keeping NYC a float is Wall Street. Many companies nationwide are not flocking to the inner cities. They are leaving. Philly is a good example. The cities are a major problems in this nation and liberals like your will always defend them because they run by liberals. How about public education??? Ya liberals have done a great job running that into the ground too. You do not know what your talking about. The redneck responses is always used by left wing uneducated pro socialists as youself. You not worth arguing with anymore so go back in your hole you troll.

          • Gay Veteran

            hey Einstein, the cities are suffering because of all the JOBS that were shipped overseas.
            who supported that?
            republicans AND democrats

          • FortuneSeek3rz

            And so do you every time you look for the most cost effective product for your needs. Your right to better your own bottom line is not exclusive to yourself.

          • Gay Veteran

            and now people make less money as we have less manufacturing jobs and more service jobs.

            brilliant idea shipping manufacturing jobs overseas

          • FortuneSeek3rz

            The U.S. has the highest monthly average wage as of 2011 which is $4,537 per the UNECE. In 2009, the U.S. was still in the top five. America has recovered nicely while other countries continue to lag.

          • Gay Veteran

            the people on this blog know our economic situation is getting worse, due in part to illegal immigration and the shipping of American jobs overseas

          • FortuneSeek3rz

            There were 5.8 million job openings in July of 2015, the highest number since records were kept.

            The “people on this blog” need to stick to facts instead of overused and dated hyperbole. Mean and Median household income all in the top five in the world.

          • Gay Veteran

            “There were 5.8 million job openings in July of 2015….”

            how many of those openings were actually real?
            and how many 10s of millions of unemployed do we have?

            everyone on this blog knows the middle class is disappearing (it is now a minority)

          • FortuneSeek3rz

            GV, the number of people who are considered middle class has been fluctuating ever since records were kept. It’s not going to increase in a linear fashion because it can’t. That doesn’t mean it won’t recover or can’t recover to better levels sometime in the future.

            And when the a government agency or a private think tank reports negative jobs numbers, the “people on this blog” never question it. They just question when they are positive, which is a sign of extreme bias. Time to wake up and acknowledge the U.S. is still the land of opportunity.

          • Gay Veteran

            still licking that corporate boot, eh.

            look at the labor participation rate, it STILL hasn’t recovered.

            the U.S. is becoming less and less the land of opportunity, due to “free trade” and immigration

          • Gay Veteran

            again, from zerohedge:

            “…Still more salt: despite unprecedented government debt and spending, new programs, particularly Obamacare, central bank debt monetization, and ultra-low interest rates, the purported recovery is the weakest on record, with the labor force participation rate at a multi-decade low, the number of people on food stamps recently reaching a record high, and real incomes back where they were in the 1970s. Those ultra-low interest rates have destroyed the incentive to save and forced retirees back into the workforce (the one group whose labor force participation rate has increased), but provided cheap funding to the carry-trade set, stock options-laden corporate executives, and Silicon Valley moguls. Their trophy art, cars, mansions, and spouses grace the media. That’s beyond salt, it’s rubbing people’s noses in it….”

          • awb22

            all from the same source

          • awb22

            and you.

      • Gay Veteran

        “…Republicans will always support free enterprise….”

        ROFLOL, find a “free trade” agreement the Republicans fought

        • Mark

          Spoken like a true liberal and you have an MBA. Why? You should have majored in sociology and government.

          • Gay Veteran

            AGAIN: find a “free trade” agreement the Republicans fought.

            democrats = republicans

          • Mark

            I said free enterprise (markets) not free trade. Free trade is a different subject but can fall under free enterprise. If you are looking at free trade policies then both parties have not created policies that work based on current global economics. However the Trade Authority Bill which was passed by the senate in 2015 was rejected by most Dems and supported by most Republicans. Obama signed it.

          • Gay Veteran

            again democrats = republicans

            both parties are OWNED by the top 0.1%, the Big Banks, military industrial/surveillance complex, and the Big Corporations, meanwhile the middle class is dying

          • Mark

            I agree with you on this and we are on the same page. I was only making a point about what political parties support in politics. I see the Repubs as the lesser of two evils. Yes, they are both at fault for illegal immigration, free trade nonsense, Big Bank failures, and big corp BS. However, I do believe that our government is also to blame. I do not like seeing our jobs disappearing and the middle class dying. I am in that middle class. We may disagree with the problems in the inner cities but that is fine. At least we agree there are big problems. I also agree that there were not 5.8 million jobs in July and that most of the jobs created were low paying service. I believe the jobs numbers are fudged for obvious reasons. The banking system, Fed, our government, Wall Street, and globalists are the ones destroying our country for the sake of a one world order.

          • awb22

            which you support by your statist actions

          • awb22

            which you support, statist.

    • pulltheweeds

      do you drive ?

    • Scott Comin

      Amen

  • df NJ

    “Another day,
    Walking in circles
    Haunted by memories, I push on this wheel.”

  • Harry Merkin

    People can deny all they want. I work for Halliburton and we’re down to servicing 2 wells in my particular area here in Wyoming. Everything else has been stacked. They’ve changed the day that time goes in to Wednesday instead of Sunday therefore eliminating overtime. I’m a bus driver who transports the crews. My hours have been cut to 8 a day. All my stuff (house, land, boat, camper, etc is paid for) except for my car loan and mama’s car loan. We have a couple older vehicles to drive in case we lose those. But I’m so nervous every payday I’m buying more food, ammo and supplies. The way they’ve redone the pay schedule all the out of town people are quitting because they can’t afford to pay for a house out of state plus rent an apartment here. The other day my wife went to McDonalds and had the most courteous person on the intercom help her. She drove around to the window to pay and remark to the person how nice it was to have someone besides a teenager who didn’t care about their job actually be excited to take her order. The guy said he had been laid off from the oil field and was just happy to have a job. Where I live, oil and coal are king. Right now they are the jesters. I don’t invest in the stock market, and I’m no economic Wiz, but Forrest Gump could see what’s going on right now. It ain’t pretty, and it ain’t over.

    • http://karmaeconomics.blogspot.com/ lavista4u

      You should be really happy bro…The biggest criminal country on Earth aka USA which created Nuclear Bombs, killed even Aliens, hid Roswell, hid Alien technology from humanity, changed countless regimes in the world installing puppets.

      Created wars in Middle East, fake 911, fake moon landing GMO, Glyphosate, McDonalds…Common dude..Even Lucifer would wish America goes way.

      America has been a bane on human race, we should be happy its finally crumbling down….

      No good guys in America should worry..Your suffering is finally coming to an End. YOU WILL SAVED….Plans are already in place to save the good guys in America.

      • Auldenemy

        You forgot to mention that Elvis and Michael Jackson are still alive.

    • RTL89

      …….for the guy that got laid off, it’s HIS fault! The fact that he had to retreat to that despicable job at Mcdonalds.. is HIS fault! ‘Muricaa!!! /end sarcastic fascist rant

      • Pyra Gorgon

        you goof about it all but this stuff is going to get deadly serious in the near future…

        people are getting hostile.

        • RTL89

          Oh, no doubt! A large part of the reason it is going to get so serious/dangerous is because a lot of people have adopted the attitude that I sarcastically expressed above. They blame each other rather than the fascist system, but then still bleat on about a “free market”

          • Auldenemy

            A terrible mixture of ruthlessly corrupt banking, combined with soggy Political Correctness has ruined the US and Europe. These mega banks should never have been allowed to grow into Too Big To Jail institutions and the old ways of bringing up children with discipline, respect for their elders and a good work ethic, should not have been thrown out like trash. The growing gun crime in the US is because so many children do as they please, when they please. Again it is the same in Europe (just that it is much harder for kids to get hold of powerful, automatic type guns, so they kill with small, illegal hand guns and knives).

        • MANfromUNCLE

          Already happening. I am there too. Kosovo time 25.

      • SunnyFlaSnotress

        Yes, most energy field workers were McDonald material to start with.

    • omega insane

      Well buckle ur seatbelts and tell your happy Mc D’s pal not to rest just yet, cause robots are poised to replace tens of millions of humans in simple tasks like cust svc and such within 10 yrs. People are already getting laid off due to robots replacing them, soon there will be too many people with little to no jobs available to them. The ammo wont save you, unless you’re (recent) military trained, as much of the feds are. Godspeed folks!

  • df NJ

    Driving home yesterday I saw gasoline $1.41 per gallon. I was going to stop and take a selfie!

    • M.Smith

      I saw a $1.29 for 87 unleaded at a station in the western suburbs of Phoenix yesterday.

      • billtheguy

        $1.89 in northeast Ohio

        • djc

          I live in NE Ohio and gas is $1.37.

  • df NJ

    “Americans are moving to Europe for free college degrees”

    A lot more opportunities in other countries nowadays. America’s best days are in the rear view mirror.

    • Philosopher

      Sure until they end up dead or raped and run back home.

  • Selaretus

    Things work until they don’t; our way of life is unsustainable at any level.

  • sistersoldier

    It is difficult to see signs of a recession in my state (that doesn’t mean we are not experiencing a down turn) but due to all of the new restaurants and retail stores that seem to emerge out of nowhere its deceptive. We are inundated with food and retail and its ever growing. Manufacturing is even making a come back although they are mostly associated with military supply orders or are linked to the steel industry in one way or another but it still comes back to military contracts that help to keep them afloat. And we are the corn belt of the nation, corn and soybeans!

    With respect to social security and baby boomers I have an addition to make with regard to the push for us to work until we are 70 or until we are dead which ever comes first. There is a culprit that is undermining this massive issue of a dwindling social security fund – actually two culprits. The government has helped themselves to the fund on the tax payers dole without ever asking for permission to access what should have been America’s saving account and there are plenty of people who checked out of the work force early and have begin drawing down social security disability payments beginning at an early age. Not only do they receive these benefits but if they have dependents then they also receive a supplement as well. They checked out early not because they were actually disabled but because there was a time when you could be considered disabled for a myriad of reasons most of which were bogus. In a combined assault on a fund that should be pay-in and pay-out to those who were taxed harshly for “retirement” the PTB have managed to further their agenda to bankrupt this nation into submission.

    But yet and still we continue on as if there is nothing we can do but blog to each other about it. There is strength in numbers! We no longer hold those in Washington accountable for their actions and therefore the theft and rape of nation continues unopposed because they know that any resistance by the people will be dealt with swiftly and harshly at this point. God bless America.

    • df NJ

      With all the drugs and hard lifestyles I would be surprised if more than 50% of the boomer live past 70 anyway. We’ve already had a bunch of boomer celebrities bite the dust this year who were in their sixties.

      • sistersoldier

        You are correct the present generation has more than indulged in a few leisurely drug activities. Such as Moses penned in the 90th Psalm that, “The days of our years are threescore years and ten; and if by reason of strength they be fourscore years, yet is their strength labor and sorrow; for it is soon cut off, and we fly away.” We above all others have begun to reap what we most surely have sown.

        • df NJ

          Well, I can’t speak for God and I would never presume to do so. I would attribute most of the early deaths to cigarettes and alcohol.

          • sistersoldier

            Those who believe in God have His written word and the authority to speak those words for the edification of the Body of Christ and to spur others on by entreating them with the words of life. God takes no pleasure in the death of the wicked and the death of saints are precious in His sight. Alcohol and cigarettes are the byproduct of a life that is absent the holy word and moral compass that is ordered by God. So death is the price for the wages of sin. The result of the destructive vices we hold onto when we don’t fill the void with God’s presence.

          • Gay Veteran

            witten word? translation after translation.
            try thinking for yourself

          • sistersoldier

            Let this mind be in you that is also in Christ Jesus. Its the air I breathe and judging by the fact that you must do a lot of thinking for yourself or you wouldn’t be wasting your life away pining after men. I really don’t want to end up like you.

          • Gay Veteran

            and you’re pining after fantasies. I really don’t want to end up like you.

          • sistersoldier

            And you are not my problem – you are God’s problem. Vengeance is mine saith the Lord, I will repay!

          • Gay Veteran

            like when your “god” ordered the murder of all those children and babies?

          • awb22

            talking to yourself again, funny

    • billtheguy

      I read a few years back that the judges that review the disability cases were getting so far behind, they just starting to approve them without doing a thorough review. The backlog was so bad, somewhere in the 10k review area.

      • sistersoldier

        Yes, which is why they limited the time one could receive back payment. Some of those checks were in the tens of thousands as they had to pay the beneficiary from the date they first filed for disability. Even if they were denied and then later approved the government agency by law had to use the initial file date. This would bankrupt any system.

  • rentslave

    Google maps is a great source for seeing the changes in retail businesses since 2007.Pick a location at random,then go down to street level,then click on the various dates to see the difference.

  • rentslave

    Something else:The Powerball jackpot has been growing very slowly since it was hit which could mean that people have finally tapped out.

  • CharlesH

    I’ve been around a good number of years. I firmly believe the U.S. really never got over the “Great Recession” of 08-09, we’ve been bumping along the bottom ever since. Everything – this time globally – is sliding downward – I’m not fearing another recession, I’m fearing we’re heading straight into a world-wide depression.

  • Scott Comin

    Great article. I think this depression will make every other one look like a recession, however I am a pessimist.

    • RTL89

      It’s hard to be an optimist when everything falls down around you and there isn’t a damn thing you can do about it except listen to all the fascists tell you that there is NO problem, and any woes of the world are YOUR fault.

    • https://youtu.be/cPaX3RahUqQ The Professor

      I will call you a realist!

  • http://Aol.com Ex Tempus

    …how could there be such a DEPRESSION in the United States?…
    GOVERNMENT MOTORS is selling cars like hotcakes…people have to have a job to purchase one! This is all empty scaremongering at its lowest ebb!

    • Bill G Wilminton NC

      Selling cars and getting PAID for them are two different matters…….the DELINQUENCY rate on sub-prime AUTO LOANS is now back to the rate of 2010 and bearing down on 2009 in about 10 months.

      Also people are opting for up to 8 year payment plans lol……96 months of car payments but I’m doin great look at my new white pickup in the driveway.

      Our country is just DEBT DEBT DEBT….we are in the last leg by DESIGN.

  • Mike Smithy

    Michael,
    What’s with the photo of Willie Nelson?

  • TL2

    Yes, and I believe that is why we have a Liberal federal government at the same time as Alberta an NDP. It’s all part of the “master plan”. Bring down Alberta, and the rest of country goes down with it. I just read (dated now, from December last year), an imam from Edmonton likened PM Trudeau as a certain king who defended Muslims and ended up converting to Islam. That’s right, he is stating that the new PM is also a Muslim. Just repeating by what the guy said….

    • Richard Paul

      Nothing would surprise me in this day and age! Keep the faith.

  • alan

    The collapse hit the Confederate States years ago. We’re just waiting for the Mockingjay now.

  • Chaos

    If we all robbed banks they couldn’t possible lock us all up. Let’s do it gang.

  • Priszilla

    It might have been prudent to start the renewable energy industry which is not dependent on saudi oil production or unrest in oil producing countries. In fact that unrest is welcome to arms manufacturers and traders and the (tax financed) armed forces.

    It might be prudent for industry to become independent from the government.

  • Gay Veteran

    so sad you were born too late to join the Waffen SS

  • Pyra Gorgon

    There is no end to the stupid in the USA. Even attempting to go “self-employed” is impossible anymore…legally, that is to say. The cost of it all leaves no working capital to get going. Insanity!

    Too many parasitical thieves and collectivist looters for the USA society to endure. I opt out. I produce just enough to get by and not enough for any of the criminals in power to steal. If enough did that, we would starve this parasite called US gov’t.

  • Lazarovic

    You’re a brainwashed fanatic. MORE PROOF that Republicans hate the American people, and the American worker.

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