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The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April

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Layoffs - Public DomainShould we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March?  This is definitely a case where the trend is not our friend.  According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, which represented a massive 35 percent increase over the previous month.  And so far this year overall, job cut announcements are running 24 percent higher than for the exact same period in 2015.  Meanwhile, on Thursday we learned that initial claims for unemployment benefits shot up dramatically last week.  In fact, the jump of 17,000 was the largest increase that we have seen in over a year.  Of course the U.S. economy has been slowing down for quite a while now, and many have been wondering when we would begin to see that slowdown reflected in the employment numbers.  Well, that day has now arrived.

At this point, U.S. firms are laying off people at a rate that we have not seen since the last financial crisis.  Here is what Zero Hedge had to say about these latest numbers…

While one can debate the veracity of the BLS’ seasonally adjusted data, one thing is certain: when a company announces it will layoff thousands, it will. So for all those who suggest that all is well with the US jobs picture based on initial claims reports, here is the latest report from Challenger according to which the pace of downsizing increased in April jumped by 35% to 65,141 during the month of April, from the 48,207 layoff announcements in March.

Looking further back, in the first four months of 2016, employers have announced a total of 250,061 planned job cuts, up 24% from the 201,796 job cuts tracked during the same period a year ago. This represents the highest January-April total since 2009, when the opening four months of the year saw 695,100 job cuts in the aftermath of the biggest financial crisis in modern history.

So what is causing this?

Why are firms laying off so many people all of a sudden?

My readers are very well aware of the pain that the energy industry is experiencing at the moment, but surprisingly it was not the energy industry that announced the most job cuts in April…

Computer firms announced 16,923 job cuts during the month; the highest total among all industries. That total includes 12,000 from chipmaker Intel, which is shifting away from the traditional desktop and laptop market and toward the mobile market. To date, computer firms have announced 33,925 job cuts, up 262 percent from a year ago, when job cuts in the sector totaled just 9,368 through the first four months of the year.

Yes, the U.S. energy industry has lost well over 100,000 good paying jobs since the beginning of last year, but the downturn is so much broader than that.  All over America corporate earnings are down, and when earnings fall it is inevitable that layoffs will follow.

As I have written about previously, earnings for companies listed on the S&P 500 have fallen a total of 18.5 percent from their peak in late 2014, and it was being projected that corporate earnings overall would be down 8.5 percent for the first quarter of 2016 compared to the same period a year ago.

And in the chart that I have posted below, you can see that corporate profits after tax have been falling precipitously since peaking in mid-2015…

corporate profits

As this new economic downturn intensifies, the layoffs will accelerate.

In plain English, that means that a whole lot more people will be losing their jobs.

Unfortunately, a very large percentage of Americans didn’t learn anything from the last crisis and are living on the financial edge.  In fact, the Federal Reserve says that 47 percent of all Americans cannot even pay an unexpected $400 emergency room bill without borrowing the money or selling something.

So just like back in 2008, we are going to see huge numbers of people unable to pay their bills when they lose their jobs.  Foreclosures are going to skyrocket, and lots and lots of families are going to be put out into the street.

This is why I have been preaching the importance of having an emergency fund for years.  It is absolutely imperative to have an emergency fund that can cover your bills for at least six months in the event that there is a job loss or some other sort of major disaster strikes.

If you have not done this already, you are probably already too late.

The cold, hard reality of the matter is that it would take most families quite a while to save up a six month emergency fund if they are starting from zero.

So if you are in this position and you lose your job, you may have to move in with family or friends when your money runs out.

I don’t mean to be cold, but this is the situation that we are facing.  The next employment crisis is already here, and it is going to get much, much worse.  No matter who becomes “the next president”, job cuts are going to accelerate and good jobs are going to become exceedingly difficult to find.

I am certainly not advocating that anyone give up.  If you still have a good job for the moment, tighten your belt and use this time to feverishly prepare the very best that you can.

Sadly, tens of millions of Americans believed that this bubble of false prosperity would keep on rolling, and so they wasted immense amounts of precious time and resources.  Now the day of reckoning is here, and vast numbers of our fellow citizens are going to discover the horror of being unprepared.

 
  • MIchael in Chicago

    Not sure if it’s public or not but I lost my part-time non-union job at Frito Lay last week. I made the most of the 5 years I put in and knew payroll cuts were coming in advance. I did not know how extreme they were going to be. Anyway. Part-time help (second service) is now only needed for the top 20 customers (the 20 stores in the district that do the most sales). Anyway. In order for me to stay I would have taken a pay cut (working fewer hours per week), done twice as much non-paid mileage, worked more days per week and gotten less sleep. It is what it is and just a small taste of things to come. =(

    • greyprepper

      Meh, the same thing happened to me in 09. The company I worked for panicked and slashed everybody’s pay. Mine got cut by a third! Needless to say, I took a hike. 2 years later I was with a new company in the same industry making almost twice as much dough. Now I’m happily self employed. Point is, it’s just a bump in the road. You’ll be back on your feet in no time! 🙂

      • Mr. Cipher

        Good for you! There’s always hope!

        • ALWAYSTOMORROW

          Or as I like to say, there’s ALWAYSTOMORROW.

          • Mr. Cipher

            Unless you die.

          • SunnyFlaSnotress

            There’s ALWAYSTOMORROW for someone 🙂

      • Steeve Girard

        It will come back again and again, until we reach the ground level. What you have of security is an illusion.

        • greyprepper

          Meh, security itself is an illusion. No reason not to maintain a positive mental attitude! 😀

    • Jerry C

      Sorry to hear that. Prayers for you & your family.

  • ALWAYSTOMORROW

    If things get bad and people start loosing their homes, I am looking forward to possible purchasing another condo in Florida to rent out just like I did during the last financial debacle.

    Turn someone’s misfortune into income.

    Every cloud has a silver lining….for someone.

    • Mr. Cipher

      ALWAYSATURD, such an A$$ you are.

      • ALWAYSTOMORROW

        So are you. Now where do we go from here?

        • Mr. Cipher

          You go down on me.

          • ALWAYSTOMORROW

            Then what?

          • Jim Speaker

            I got A traffic ticket today. I have no job no money to pay it. So I tor it up and threw it away. They are not getting A dime from me.

          • ALWAYSTOMORROW

            Very good Idea. In the future I will do the same.

            Do you have any other money saving tips you might be willing to share.

          • Guest

            I do. Don’t violate the traffic laws. No laws broken, no ticket. Problem solved.

          • greyprepper

            Unless you’re a tourist driving through New Mexico. You don’t have to violate any laws to receive a traffic ticket there! I blame the liberal mindset of entitlement: everybody gets a ticket, regardless of whether or not they “earn” one lol.

          • Jerry C

            Sorry for your troubles, but the best thing to do is address the problem. Ignoring it may seem peaceful in the beginning, but the problems snowball into bigger ones later on & it only gets worse. Contact the traffic court or whomever & let them know your situation; try to work something out in a positive way. You’d be surprised at how much just a phone call can do. Best of luck to you.

          • Lazarovic

            That’s cool. Just don’t get pulled over again, you will go to jail.

          • Mr. Cipher

            He’s unemployed. Three hots and a cot beats paying the ticket.

          • GSOB

            This cool is not so
            hot

          • You’ll pay for it some how some way. They always get their blood.

          • DareToCreateYourBestLife

            Won’t be surprised when they bring back Debtor’s Prisons…

          • I believe they’ve implemented that as an animal of a different color. Lots of folks are being locked up or threatened by the courts these days for debt. They view personal debt much like debt to the court for failure to pay. You’ll go to jail until it’s satisfied. Jail is jail, defacto or otherwise. I’m glad I don’t owe a penny except for incidentals, but who know when I cross the next traffic stop and they “find” something wrong. We should change LEOs to RAOs, or Revenue Acquisition Officers, but we don’t want to be politically incorrect, do we.

          • DareToCreateYourBestLife

            It’s been that way for a long time, Brother Steve, RAO’s – Revenue Acquisition Officers. I think the time for being PC is over, at least, that is the way I look at it. We have to break that wall down to get the truth out…

          • Robert

            They will post an arrest warrant eventually. Hope you do not get stopped again on the way to your first day on a job or a job interview. Or worse, you get arrested in LA or some small ville along an interstate. Good luck.

          • GSOB

            You should have conveyed your situation to the ticket master.

          • JustBill

            Maintain decorum, or go to your room, or back to whatever bar you learned to utter that phrase.

      • ALWAYSTOMORROW

        I only paid $37,000 on a foreclosed condo. I don’t think that is considered wealthy..

    • Lao Tzu

      You are the man. However, once Bernie is in the white house, don’t forget to short the entire us economy, it will real a good profit.

      • Jerry C

        Soros is beating him to the punch.

    • alan

      Unless it sits vacant for awhile and you check on it one day and all the copper wire is striped out of the walls and the appliances are gone.

      • ALWAYSTOMORROW

        Another option would be to rent it out to my sister-in-law. Oh wait, that’s what I did.

        • Mr. Cipher

          Who gives a sh..?

          • ALWAYSTOMORROW

            Easy there Mr. Chiper. Remember what the Dr. said about your heart. Deep breaths.

      • SunnyFlaSnotress

        That’s the beauty of low copper in commodities… less fried rednecks.

        • WeRThrough

          Less “fried rednecks” huh? I would bet (from experience) that the majority of the thieves are of the brown colored version. Anyone who uses the term “redneck” should face the same consequences as someone that uses the word “ni**er”. But, everyone expects you to be the jerk that you are, so no surprise there is it now??

          • SunnyFlaSnotress

            I meant less fried rednecks in a loving way, but you twisted it into something hateful.. well that’s you.

          • WeRThrough

            Yeah, and we all believe you…

          • GSOB

            Get lost

          • WeRThrough

            YOU get lost, pathetic liberal..

          • SunnyFlaSnotress

            GSOB is a God-Fearing man

          • WeRThrough

            That explains it..

          • GSOB

            Such is the enmity of the serpent’s seed against the seed of the woman.

          • DareToCreateYourBestLife

            You would be wrong about your “statistics”. Know/worked the construction business, know firsthand it is persons of a brown-colored persuasion (Hispanics) taking copper wiring and many other things from vacant homes, construction sites, etc, etc. Sorry, to burst your bubble there but assumptions can be the mother of all f*ck-ups…

        • thomas

          Sunny is a big time Obama fan!

          • SunnyFlaSnotress

            not true

      • Barry

        “striped” means having a visual pattern of stripes – like the stripes painted on our roadways. I think you meant “stripped” as in torn away or forcefully removed.

        • alan

          I claim public schools, eating lead paint chips and old age.

      • DareToCreateYourBestLife

        Sounds like Vegas to me…

    • JustBill

      Do you use red or green houses to mark your property on your home monopoly board?

      • Mr. Cipher

        He buys the big red ones and rents them out.

        • ALWAYSTOMORROW

          Sorry. Your commedic audition has proven to be yet another failure for you. Again, sorry for that.

      • Robert (qslv)

        Red for houses, green for hotels.

        • Jerry C

          Just the opposite, but message received.

    • CASTIEL

      The same thing could happen to you….remember that…theres a lot of misfortunes in this life.

      • ALWAYSTOMORROW

        You are correct. Nothing is impossible.

      • Mr. Cipher

        I’ve been around long enough to see the most who are cocky and arrogant,ALWAYSATURD for example eat humble pie sooner or later.

        • SunnyFlaSnotress

          I flagged you.

          • Mr. Cipher

            So?

          • SunnyFlaSnotress

            Michael will get you.

          • Mr. Cipher

            When?

        • ALWAYSTOMORROW

          Make mine pumpkin please.

          • SunnyFlaSnotress

            Good choice.. ever try pecan?
            If not.. you must!

          • ALWAYSTOMORROW

            Yes. To sweet for me.

        • DareToCreateYourBestLife

          YEP! Karma is one Bi*ch that shows up when you least expect it…

    • SunnyFlaSnotress

      The realty boards are awash with foreclosure auctions here.
      Personally, I wish it weren’t that way, even moral implications aside.. From what I understand they don’t give Warranty Deeds, the buyer has to buy “as-is” without ability to inspect, and as alan stated.. vandals tend to make a mess. As you’ve probably read, I’m doing the Short Sale wait. I believe that they’ve made speed improvement rules on these sales, but there’s still much to maneuver.

      • ALWAYSTOMORROW

        At the time I made the condo purchase my sister-in-law was a real estate agent living in that condo complex. She was my gateway to getting it.

        I knew ahead of time what I was buying and that within a few months her lease would be up and she could move in.

      • GoldenGirl

        I believe you are right about the type of deed issued, Sunny. Most foreclosures are bought “as is.” Not sure about the ability to inspect, though. I think you are wise to wait. Sales and prices are still strong where I live, but the foreclosures and auctions are starting to show up again when I do searches. I agree with you that I wish it weren’t that way, either, but seeing the writing on the wall and waiting for the best buying opportunity is just good sense.

        • SunnyFlaSnotress

          Well, I have an offer in.. and I understand that the wait for approval is 10 days now, but the listing agent tends to be difficult to reach. ..fortunately, the showing agent is proactive.

    • Barry

      * losing – “loosing” means to make less tight.

      • ALWAYSTOMORROW

        Thany you. Corrected.

    • Jerry C

      It would be awesome if you’d take your winning attitude by putting your talent to helping those people who lost their homes get them back.

      • SunnyFlaSnotress

        You know, there are all sorts of reasons people foreclose. Some are sad ones..like illness.. and others not-so-sad.. like lied to get a high mortgage or bought way more than could afford causing area prices to skyrocket and making it tough for others to buy.

        • ALWAYSTOMORROW

          Many many condos in Florida are snowbirds second home. When they lose them it is not that big of a deal.

  • Mondobeyondo

    Here we go again.

    As if 2008-09 weren’t fun enough, we’re about to have an encore. Second verse, worse than the first. And it seems like the IT industry is taking a pretty good hit this time around. Not to mention the energy industry, retail industry, etc. An equal opportunity downturn. Nice to know downturns don’t discriminate, isn’t it?

    Buckle up, cats and kittens. We’re on the verge of an excellent adventure that would scare Bill and Ted.

    • Steeve Girard

      This is what happens when you let John Lenine fans run the show.

      • Bill G Wilminton NC

        Lennon………

        • Steeve Girard

          Come on his ideas were at the base of the BS we have now.

          • Bill G Wilminton NC

            Spelled Lennon not Lenine is what I meant, you had a spelling error.

          • Lennie Pike

            I’ve gotten into his head.

          • Bill G Wilminton NC

            lol

  • greyprepper

    To be honest, I’m a little surprised to hear that computer firms are cutting jobs. Everybody knows the roughnecks are screwed for the foreseeable future but I figured the white collars were relatively safe.

    • natxlaw

      Nope, the thing about white collars is we gotta compete with teleworkers from the whole world. You can ask Carly Fiorina about that.

      • greyprepper

        Hmm. They’re exporting the white collar jobs to teleworkers in India, and importing illegal Mexicans for blue collar jobs. Not a pretty picture, is it.

    • Steeve Girard

      Wrong, no one is safe from this, because the problem is physical. Money is just paper, ink and promises.

      • Jerry C

        I’d say fiat currency is debt but gold & silver or other physical commodities is real money.

    • K2

      i DONT Know about other companies but intel is cutting jobs because the PC market is shrinking.

    • Steeve Girard

      Anything computer related, anything transportation related are the first to be cut….
      .
      Previous comment I made on another article, rings a bell?

  • goldminer

    Yes the job cuts are here but it wont reflect in the government job market stats. A company cuts full time jobs to part time. Then hires a part time work force.. An 8 hour employee gets replaced by 2 part time employees. Walla!! Presto Chango! A whole bunch of new jobs created to make the government numbers look good. The dark man can get up in front of the TV and say “Look at what a good job I have done”. I have created a whole bunch of looser jobs. Who cares if the jobs are low paying and do not have benefits. Thank BO. Our lord and savior. Oh yeah! Vote for the warmonger old bat for more of the same.

  • Isaac

    Thank you Michael for these insightful articles. Your analysis on economic trends is appreciated.

  • Dg4884

    Yet, the administration will still announce 4.9% unemployment. What a joke.

    • alexb1

      According to the Kool Aid drinkers, Obama is the best President ever. Seriously, I just listened to two of them over the weekend telling me how much better this country is now a/o/t under the watch of GWB. I am still trying to pick my jaw up off the floor, but it seems to still be locked in the open position. All I know is despite all my best efforts, I’ve lost a ton in net worth while having to raid principal which I will probably never recoup at this stage in my life due to this frat boy’s fiscal ignorance. Greatest President, indeed. I guess that I don’t like Gatorade as much as these Democratic fanboys.

      • Political groupies are like crackheads. They like their dope too much to give it up.

        • DareToCreateYourBestLife

          Seems to be quite a few crackheads in DC and the MSM these days…

          • Good connection. That might be their secret job pool.

          • DareToCreateYourBestLife

            Incestuous relationships between the MSM, Bankers and Politicians. All from the same poisonous tree…

    • ONE WHO KNOWS

      My contract position ended last week. I’m sitting in my car right now. I have a job interview in 30 minutes. I am in King of Prussia. As I pulled into the building development I noticed sign after sign showing buildings for tent or lease. Years ago this same business development was a sprawling place bustling with activity. Now it feels like a ghost town. All I can say is God help us. Cause the powers to be will not spill the beans on the true state of our economy.

      • ONE WHO KNOWS

        King of Prussia is in Pennsylvania.

        • Steeve Girard

          (The following is humor)
          Oh I thought it was in the Wiemar Republic, which makes no difference.

      • Diabolus Candidus

        It’s called “middle management.”

        Hide the flaws, you’ll be okay. Unless you’re not a middle manager.

        Go Big Blue!

      • Mark

        Wow, I live 45 minutes from King of Prussia and am seeing the same thing. I have seen this increasing in Lancaster, York Harrisburg and Chester county. I was just recently laid off from 3M along with 1500 others and have found it quite difficult to find a decent opportunity. In my severance package 3M hired an employment agency Lee Hecht Harrison which has an office near Chesterbrook next to King of Prussia. I have noticed that where this office is located there are at least 50% of those buildings empty. Like a ghost town. Scary. I have two degrees and an MBA with no luck. Most likely going back to school for PH.D. and teach. Corp world is going down hill with no opportunity. Gov’t jobs or teaching is probably the only stable thing anymore.

    • Steeve Girard

      The good part of the comment is: What a Joke.

  • Jim Speaker

    Marc Dinger’s nose is almost bent to the end. Stock market crash coming very soon.

    • ALWAYSTOMORROW

      Are you one of Michael’s secret inside information sources he has mentioned in the past?

      • Diabolus Candidus

        I am the inside man. I know all secrets. All will be revealed.

  • CASTIEL

    Big Companies are starting to collapse…. like the Petrobras in Brazil…they are going to cut 200.000 jobs….and this is just one of the big examples…..The governments try to hide the fire….but some people can still smell the smoke….

    • Steeve Girard

      The energy sector is heading in a death spiral, the tipping point being around 2030. Nothing can stop it, it’s a physical limit.

    • K2

      Can you give us another example?

      • CASTIEL

        i could give you more 100 examples….but by your sarcasm i think its irrelevant….

        • K2

          Its not sarcasm. I am genuinely curious. Give me more examples.

    • Diabolus Candidus

      You say “hide,” I hear…

      “middle management.”

      IBM NOW, IBM FOREVER!

      • jafo

        IBM is a morally deficent company.

  • Robert

    I wonder where the idea of having a six month emergency fund comes from. While better than nothing six months is not squat in these days. If you have not lived a pattern of economic conservatism then you are in trouble even if you have a job and keep it. Eventually, you will either retire or be unable to work physically. The problem is that it is almost impossible to save and invest with adequate returns. Some do well in the stock market but most do not. The little guy is usually too far behind when the insiders are bailing out. Some are very arrogant in their own financial situation. I knew a man like that. Very smug. Then he was diagnosed with pancreatic cancer. Memento mori.

    • sistersoldier

      It also depends on the income of the individual. What may be six months of savings for some could be more or less depending on the individuals lifestyle. As they say there are those who are living “champagne lives” on a beer budget and vice versa. Basically a pound of ground chuck costs the same for me as it does for someone who earns 10 times my salary, so how does one measure six months of savings? Especially for those living paycheck to paycheck or those who have more month than money? The banks are not helping with the trend moving towards negative interest rates either – such as we see occurring in Japan.

      • JustBill

        “so how does one measure six months of savings?”
        Add all your monthly bills up and multiply by 6.
        “Especially for those living paycheck to paycheck or those who have more month than money?”
        The math is the same for those living paycheck to paycheck and even those with more mouth than money.

        • sistersoldier

          I can see that you graduated top of your class! If you are living paycheck to paycheck or from “broke day” to “broke day” then nothing from nothing leaves nothing to save.

      • greyprepper

        I agree with JustBill. The cash fund is for fixed bills only. For food, I prefer a deep larder to extra money in the bank.

  • Steeve Girard

    This is another forewarning shot. The energy sector will collapse around 2030, and the rest of the economy with it. I have been saying this for freaking long time.
    .
    This collapse will exactly look like a Venezuela type collapse. That means 2 hours per day of power, no internet, no markets, hunger, thirst, strikes, sickness, rage, rev0lt, political blame game.
    .
    Doing a 6 months fund is useless, what you got they want it, and they will make it into law to seize it. No prepping, no saving, just hide what you can hide, and make look as if you have nothing like everybody else.

    • Diabolus Candidus

      I have foreseen the future.

      The economy will collapse completely by 2338 BCE.

      • Steeve Girard

        The industrial age is a spike, a power trip that will only last a few hundred years. And like all empires of the past, the higher you go, the lower will be the fall. It has been a nice trip, but now it’s the time to fall back to the ground, to the reality of the limits to growth imposed by Nature.

      • Guest

        BCE? Wow, that’s what I hindsight!!

  • Orac4Prez

    One thing is certain. Very few of the people laid off will be public servants. You always need people to add a few new regulations… (sarcasm/)

  • Orac4Prez

    A while back Michael, you pondered why people are becoming opposed to capitalism. You have answered the question here. Once upon a time companies would do the most to keep employees and some bosses would pay the staff first, with the company wearing the loss from the bad decisions of bosses or boards. Now, bosses make sure they are safe and get bonuses even while shedding staff. The new mantra is to privatise profits and socialise debt… Just like the banks with their lousy loans. Why would anyone vote for that! Even the older generation is doing the same with governments – voting in parties & policies who make bigger promises to leave the debt for the next generation.

    • Lazarovic

      Exactly. Thanks for that bit of truth telling, but I don’t think Michael wants to hear the truth.

    • Diabolus Candidus

      I can summarize you in two words: middle management.

    • thomas

      globalism

    • ISA41:10

      Socialism is for losers!

  • Lazarovic

    An even more effective strategy to right our economic ship is to stop voting for establishment Republicans in Congress. Republican voters finally got rid of Cruz, and voted for Trump, that’s a start. At least Trump is a champion for the American worker, instead of a shill for the one percent. Our economy doesn’t have to collapse. We can choose smart policies that benefit the majority of Americans, instead of the wealthiest one percent.

    • SunnyFlaSnotress

      “The non-partisan Tax Policy Center analyzed Trump’s proposal and, in addition to putting its price tag at $9.5 trillion over 10 years, found the biggest gains would go to taxpayers like Trump. For the top 1 percent of earners, the average reduction in their tax bill would be 11.8 percent, about $275,000, while for the top 0.1 percent it would be 12.5 percent and $1.3 million. For the bottom 20 percent of earners, their tax bill would be reduced by just 0.9 percent and $128 and 2.8 percent and $969 for the next highest 20 percent.”
      Oh come now,.. do you really think a member of the 1% is going to favor the worker?
      Read my lips.. “not”.
      http://www.msnbc DOTcom/msnbc/donald-trumps-tax-cuts-top-1-set-general-election-fight

      • Lazarovic

        Perhaps not Sunny, we’ll see, but I’m sure that the other candidates he defeated won’t favor the worker, the majority of Americans; so are the voters.
        I’m not a Republican voter, just an observer here. Primary voters are reacting to the fact that at least Trump says the things they want to hear (about jobs, trade, etc.). The other R candidates just say out loud that they don’t care about the majority of us, and will continue their slavish devotion to a system that make them and their donors wealthy, and to hell with the rest of us.

      • Steeve Girard

        I have to agree to that +1

      • rentslave

        Trump’s plan just about eliminates me from the tax rolls.

      • Plextt Plextt

        It doesn’t matter how well you provide an idiot with a logically correct explanation, because they will consciously believe otherwise.

    • Diabolus Candidus

      You are a racist who hates women.

  • Horiboyable .

    I made my move back in 2012. I moved to a new home back in 2012 that is close to water source where I can take water and fish. I can see cows out side my window. I have no debt what so ever and I have stocked food in my garage.

    “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

    Ludwig von Mises

    If folks were honest with themselves, there has been no economic recovery since the 2008 crash even with the endless QE, China money printing and endless government programs. We need reform and we needed 10 years ago.
    Good luck everyone

    • Péter Kiss

      I agree completely. We need a system that is not driven by greed.

      • df NJ

        We need a system that assumes greed is part of the equation. You cannot legislate away human nature. There is a reason why the cameras in a casino are mostly pointed at the money handlers!

        • Liberty First

          AMEN!!!!!!!!!!!!!!!!!!!!

        • Péter Kiss

          We need a system that eliminates the need for greed, greed is a survival mechanism!!! In a cooperative society you dont have to worry for your survival against the others!!!! Competition is the killing of cooperation.

          • GSOB

            Competition
            is
            good
            for
            the
            consumer

          • Péter Kiss

            Really? Do you see competition? I see cartelling and bribary! Nobody cares for competition, the goal is profit and not competiton and so companies permanently avoid competition as much as possible!!! Look around!

          • retired22

            That is because the big money has bought the corrupted the politicians.
            If the laws were respected & the powers to regulate were curtailed these situations would be minimal.
            A major step in that direction is to send the political powers back to the individual states.

          • Péter Kiss

            Greed will never let the law to work!!! This is naive thinking! You have to eliminate the need for greed to change the system.

          • Péter Kiss

            Then not the federal but the local socipath will parasite on you, thats all that happens with that. This is a long held misconcept that you have there in the US.

          • Lenient Todd

            So you are saying that if it were possible to have competition (which it is by the way), you would approve of it?

          • Péter Kiss

            I said that competition will never end well because competition is a tool for people for profit and as they want profit they will always detour the competition so the system itself is not capable to work. But as you are a retard you were not capable to understand this by yourself.

          • kirkpatrick

            Crony Capitalism is NOT Capitalism, that’s the work of the Central Bank (who is Jewish, not Christian).

          • Scott Comin

            amen!!!!!

          • Lao Tzu

            That is bullcrap. Just because a society is cooperative does not mean foods will come alive on their own, or the dear iPhone you are holding will fall from the sky for free.

          • Péter Kiss

            You are a typical idiot, who sad that nobody will do anything? But if you are not capable to recognise that cooperation is always better than competition than better if you stay quiet!

          • retired22

            They went that route in the past & ended with dictatorships of enforced ‘cooperation’ run by megalomaniacs,Stalin & Hitler,who were genocidal murderers

          • Péter Kiss

            Good that this is the only thing that occurs to you, this simply means that you are not cooperative by nature. But forced existence is going on at workplaces permanently in the name of capitalism in order to maximize the profit of the owner!!! Why not this is what occurs to you!?

          • retired22

            The problems are 2,….
            First,…what we have today is not Capitalism,..it is crony Fascism or maybe Mercantilism!.
            Second,…the system is corrupt,unfair & far from adequate for the needs of the public.
            What makes it tolerable is that the alternative systems are far..far worse!

          • Péter Kiss

            The first to thing is true but you will never be able to correct a system like capitalism which by its nature leaves the masses behind. We need a new system where everybody is included where the basics are available for everybody, the resources are available for that! Capitalism will destroy the environment, there is no infinite growth I dont even understand how could generations before be so primitive that they beleived this!

          • Lao Tzu

            MOST PEOPLE are cooperative in nature. But what they are not, is altruistic.
            So yes, I cooperate everyday to satisfy my motive. And that is capitalism.

          • Péter Kiss

            One more idiot by nature!

          • DareToCreateYourBestLife

            Wow! You sound like a dictator to me “But if you are not capable to recognise that cooperation is always better than competition than better if you stay quiet!”. Who says your solution is the best one? You? You have no right to tell someone to be quiet because their opinion differs from yours.

          • retired22

            You mean a system like they had on
            ‘Animal Farm’ where all the animals are equal,…except for some animals who are more equal to the others.

            We can start with a system of enforced ‘Cooperation & equality,…but somehow we will always end up with a Stalin or Hitler who makes sure that we all cooperate!

          • Lennie Pike

            What if some cooperate and others refuse?

            Have you noticed that the ones who endorse this system always cooperate by letting those that don’t do all the work?

            Nice system if you can get it.

          • Péter Kiss

            I havent noticed that it is just typical skewing. But what I see is that it is not the most talented and hardest working are the ones who are rich!!! What a silly primitivity thing that many people belive this, quite unbeliveable for me, that people are so brainwashed and so much believe in personal power and achivement that they think they will really get anywhere with that when obviously out of the survival competiton actually the biggest sociopaths and the most sneaky are usually the ones who have the money!!! Also in the age of automatization nobody really has to work much more than anybody else, and almost every really hard work has already been and can be automated!!! So what you say is simply irrelevant.

          • Lennie Pike

            I agree with you – “it is not always the most talented and hardest working who are rich”.

            These people that I accused and that you I.D.’d always reside at the bottom AND AT THE TOP. Those who cooperate and are talented and work hard reside in the middle and are the ONLY ONES who receive close to and equal and just amount of reward as it relates to the amount they produce – or at least that used to be true before the non-cooperation at the bottom and the top destroyed their ability to do so.

            You are out of touch with reality – probably due to being one of those that you I.D.’d.

          • Lennie Pike

            Irrelevant huh?

            This is the last thing I will ever say to you because it is foolish to attempt to reason with someone who can not reason but attempts to use reason in his arguments.

            Try automating masonry construction – a type of labor I know very well from experience – the most physically brutal form of construction work that exists which requires a lot of talent also. All of the big men I ever worked with was poor, wealthy, or believed in collectivism. None of them ever complained about the non-producers either – but that has probably changed because back then they could still survive due to there not being overwhelming numbers of parasites at both ends of the non-productive spectrum. Today all of those construction workers are probably illegal aliens and due to the welfare they receive – they qualify as both: talented hard working producers – and collectivists.

            What a f88cked up world it has become thanks to people who believe in your evil and destructive philosophy

          • Péter Kiss

            Evil? Huh, how scary 🙂

            I think you should get sick and not get food and medical supply for that time, and than you could understand why cooperation is needed. You are simply an egoist who falsely beleives in his own power. Masonry is not so overcomplicated if you say that than you are simply week in IQ and not enough talented. Im not in construction but have heard of modular house building that doesnt require mansory!!! Ha, ha, some thinking and the word becomes easyer, maybe this is why Im an engineer with university degree and you are a meason! People like you have never brought anything else to the world but their own useless suffering and primitivity.

          • Lennie Pike

            “Masonry is not over complicated”. I lied – one and only one more reply to you. I worked with a small group of masons, and although we could do it all, we specialized in rock work – small bridges, fireplaces and chimneys in log cabin mansions, rock walkways and decks,etc..

            The man who we worked for and learned from was literally a genius and a master mason. He was also a man with an unusually huge amount of character and strength who worked everyday in severe pain from having many broken bones and muscle damage from a wall that fell on him that almost killed him.

            If you think that “measons” are idiots, check out some European cathedrals from midieval times, and maybe Machu Picchu, or the pyramids of Egypt and Central America. In those days Masons were considered the highest ranking in intelligence – and many today are also.

            We were always correcting the plans of architects and engineers as yourself – that is if you really are an engineer which I greatly suspect is b.s. in a futile attempt to sound like someone who has the ability to reason. They needed corrected because they had no actual real experience in building – they only knew what they were taught in Universities.

            The fact that to you everyone other than yourself is an “idiot” should tell you something – but I am sure it will not.

            You sound like you may be French – from now on I will call you Inspector Clouseau – but only when speaking of you to others of course – and only if I must.

          • Lennie Pike

            My power does not come from myself – it comes from God, and it is a great power, and is the reason I have faith that I can survive without forcing others to give part of their labor to me at the point of a gun.

            Most people as yourself do not have faith that they will receive this power from God, so they must require that others be forced to provide for them.

            To me what differentiates Collectivists (whether at the top or at the bottom) and Individualist all comes down to that one point – faith in God and the power and fearlessness that God provides to those who will accept it – and those who will not accept God’s Gift who choose to be parasites.

          • Péter Kiss

            This is the well known stupidity that comes from the church, it is well known for milleniums that it doesnt work, you just cant give up beliving because facing harsh reality is fearful for you, you – just like everybody else – are vulnerable. Face reality and your view will change!

            You still believe in your own power and not gods power actually, you think that you decide whether you are up to his will or not, but it is not so!!! So your supposed control doesnt exist not even mentioning that you question his will by still beliving in yourself.

          • Lenient Todd

            Apologies to all who have family members with Down’s Syndrome etc.

            Peeder Kiss: Read the following out loud to yourself over and over until it makes sense: I am wee todd did. I am sofa king wee todd did.

          • Péter Kiss

            What is this meaningless thing that you write I dont understand what do you want to say!

          • Lenient Todd

            English is spoken here. Maybe you should consider another in you own language until you are ready. We are also Americans!

          • Lenient Todd

            Control Freaks are Control Freaks because they are fearful. They are full of fear because they have no faith in God. Only two forms of government can exist or have ever existed: one that expouses an individual’s liberty as in the U.S. Constitution and others similar – and all the rest which are all the same no matter what name is given to them – all can be called Thugisms.

            All Thugisms have had to murder hundreds of millions of their own citizens who were willing to put up a fight for freedom – so I believe, especially since these murderers are on the doorstep of total worldwide domination right now , and then murdering the dissidents as these types have no problem in doing, that proponents should be dealt with as harshly as possible in the attempt to prevent the inevitable – the knock (or maybe not) on your door in the middle of the night by U.N. troops arriving to confiscate the guns that you will not use against them, and your property and to do the unthinkable to your family members as you sit there watching doing nothing – including the women – your wife and daughters that you had already proven that you would not defend.

            99.9% of the world’s people will wish they were dead living under Thugism. Reality is very pleasant sometimes, but in many cases it is not and most refuse to deal with it leaving it to be dealt with later or never which always proves to be a big mistake.

          • Lenient Todd

            Facing reality is all I ever am interested in doing – you French wimp.

          • Péter Kiss

            bla bla

          • Lennie Pike

            You are correct about the “primitivity”.

          • Péter Kiss

            Good, Im glad that you are aware of what you are.

          • Lenient Todd

            I never “progressed”.

          • kirkpatrick

            When “Peter” Kiss says “Cooperative” he means “Communist”.

          • Péter Kiss

            When you say communist you mean evil to be destroyed you peaceful loveful bigchristian!

      • Liberty First

        If you define Greed as the desire for unearned wealth (transfer payments, salaries paid by taxpayers, etc.), I agree. But self interest is in man’s nature. To say otherwise is to advocate for communism or socialism. That is just the way it is.

      • Undecider

        Good luck on that one. The problem is not the system but the people in the system. Greedy people will ruin any system.

        • Péter Kiss

          Yes this is partly true but not everybody is like that, actually there is a giant mass that is not like that (for example education and medical sector) but the policies and principles moving our society are fostering greed this is the point of intervention!

          • Lennie Pike

            Wee toddl did! – no greed in the medical sector????????????

    • Mr. Cipher

      Another round of cash for clunkers would get this economy rolling.

      • df NJ

        Or a six month tax holiday for anyone making less than $50,000.

      • Bill G Wilminton NC

        lol………

    • Steeve Girard

      Man that was BRAINIAC!

    • Mark

      I agree 100%.

  • VigilanteCaregiver

    Mike, I was granted FMLA about 40 days ago and my supervisor and most of management went from being happy with my work straight into hostile; looking for any reason to fire me. I have an EEOC complaint ready to go as there’s enough evidence of caregiver discrimination (yeah, that’s a thing – very common). Went from excellent performance to last warning in one week. Due to disability program rules we can’t have a proper savings, retirement, or investments.

    However, the LDS Church’s Deseret Industries found something interesting: I can go for an Applied Tech certificate for Medical Billing and Coding and work from home with more income and better insurance! I start classes in a week; qualified for a Pell Grant and the Church is covering what Pell can’t.

    It all works out eventually!

    • Tim

      That’s great. I’m glad for you.

    • greyprepper

      I have an aunt who does just that. She loves it! She does s lot of traveling, spends more time with her grandkids… good for you, that’s an awesome thing you’ve got going!

  • The only jobs I see and few they are are in retail, like cashiering and stocking at box stores like Walmart and Dollar General. The local small chain of grocery stores always have openings and are like revolving doors for the local population. They last from a few weeks to a few months because for the hours, pay and benefits, they actually come out ahead staying home and collecting from the state.

    • df NJ

      We need to try to elect politicians who want to promote public policies that are favorable to labor. Oh wait, there aren’t any!

      • Yeah, politicians have surpassed my indignation for lawyers and unscrupulous salesmen. I would just as soon shoot the bastards than look at them anymore.

    • REALIST

      How many STUPID voters have voted themselves into this hell? F’m . They deserve it.

      • Yeah, I want to be merciful, but I’m not feeling it.

    • Diabolus Candidus

      If you have relatives or friends in this situation, take the welfare.

      Break the system.

    • ISA41:10

      I’m a project manager in the Food business and business is booming. People have to eat.

      • That’s not saying much. How does that translate into an improving economy? How does that improve job security? People in the stock market say stocks are doing well too. We all know that’s a rigged game and those claims mean nothing. The food industry is so fragile, a multitude of factors can turn it upside down in a moment. Food inflation is killing people’s budgets with all the deception in food ingredients and especially quantity. A “pound” of coffee is about ten ounces today. If you can elaborate with some salient points, I would be interested in hearing them.

        • afchief

          I work for a company that makes the processing machines in poultry plants. Business is so good we cannot keep up. I’m on the road over 240 days a year managing projects. Poultry is one of the cheapest proteins on the market and people are buying. We see no slow down in the coming years.

          God is good!!!

          • ALWAYSTOMORROW

            I work for a major crop protection corporation. The agriculture business is booming. Any business related to food production seems to do well regardless of the economy.

          • Guest

            Monsanto?

          • afchief

            Yes the food business is booming. Since I started this line of work 12 years ago I have seen no slow down.

          • DareToCreateYourBestLife

            If business is booming then WHY is the US importing inferior, toxic-laden food from China? Not saying our food is much better with GMO’s and hormones injected into our food supply. But it is coming to light that China is selling products that contain plastic resin, banned hormones and pesticides and other poisons and toxins not seen in this nation. You may or may not know the answer, but Big Agriculture is much like Big Pharma putting out poison products to turn a buck…

          • afchief

            I have not seen China poultry being sold anywhere. I can go into any market and know where the poultry came from. In fact a lot of plants sell the chicken feet and wing tips to China. The chicken coming from China, where is it sold?

          • DareToCreateYourBestLife

            Wal-mart…

  • J B

    The wheels only have to stay for another 6 months, or Bongo’s going to declare a national emergency and that means wild horse couldn’t drag him out of there. Things will be sooo much better when Hellery is in there. She be able to stop all the Government leaks by running her own email servers for all Government Departments.

    • REALIST

      I just pulled up her latest emails…she is planning to get Iran, Iraq, Saudi Arabia to fund her run against The Donald. Oh, look, she just emailed the Wahabi leader of Islam in Saudi….she promised him she will keep the “stupid women in line”……what a babe.

  • Purple Wings

    My husband and I are doing just that – tightening our belts, working overtime when possible, paying down debt, saving an emergency fund, and buying extra food. Nothing outrageous, we are stretched pretty thin, but we are doing what we can and the more I observe others, the more I’m convinced we’re doing much better than many people. Both of our jobs are pretty solid for now. This ride just keeps getting more bumpy, but I am more hopeful about our situation than ever 🙂

    • df NJ

      Make love a lot. It’s good cheap entertainment.

      • elguille

        but use a condon

      • DareToCreateYourBestLife

        LOL! You have a point… 🙂

    • REALIST

      You must be White.

    • K2

      Since you say you are stretched thin, i’d have to say dont waste your money on buying extra food, buy the food you need.

      • dlewenz

        She is buying extra food to be prepaid for the collapse, which is wise.

        • K2

          collapse?

  • df NJ

    35% of small number is HUGE. The math illiteracy in this country is truly stunning.

    • Steeve Girard

      That is to be expected from a nation who has lots people thinking (The following is humor, so do not freak out Willy Bill) Jesus x God + virgin Mary = infinity.

    • Diabolus Candidus

      Immigration from Mexico is the key to saving this country.

      Every Mexican is a born physicist/mathematician/poet.

      BERNIE 2016!

      • Bill G Wilminton NC

        u mak beeeg yoke …..

    • DareToCreateYourBestLife

      Common Core in action…

  • ALWAYSTOMORROW

    April # of employed people = 122.52 million.
    April job cuts = 65,141.
    The 35% increase from February = 16,000 increase from April.

    So that 35% increase in job cuts actually= .0001306% of the work force.

    Amazing how you can spin numbers to look worse than they actually are.

    • ONE WHO KNOWS

      Who needs numbers when there is REALITY? Many people are either unemployed or underemployed.

      • RedInkMechanic

        Without numbers and a way to.measure and track metrics we’re not able to improve the metric.
        Let’s not measure things with our feelings.

        • ONE WHO KNOWS

          Facts are my measurements, no feelings. Funny thing about that word FACT. Drop a letter and you have ACTS. As in action, as in reality.

          • ALWAYSTOMORROW

            Actually if you drop a letter you have ACT. You not only don’t pay attention to numbers, it appears that lack of interest extends to letters too.

            Details are very important, or at least they should be.

          • ONE WHO KNOWS

            Stop playing dumb. ACT, ACTS, ACTION, typo, typo, and typo. Did you or did you NOT get the gist of the comment? Obviously you did because you mentioned details. Details are a part of REALITY. No details, no story. NUMBERS TELL A STORY. Instead of getting hung-up on NUMBERS, go beyond the NUMBERS and that will show what IS really happening.
            Throwing money at a problem never solve anything. Getting to the root cause of a problem will solve everything.

          • JustBill

            Your use of capital letters is visually stimulating, but you fail to make a cogent argument to abandon objective metrics for subjective feelings.
            You appear to be drawn more to pseudoscience than science, and astrology instead of astronomy.
            Your tactic of increasing emotion in your argument is about as cute as a child throwing itself on the floor in the store when they don’t get the item they wanted.

          • ONE WHO KNOWS

            Well, first of all there’s no such thing as money. Money is a man made concept. Money will never solve a problem. Hence the verse, for the love of money is the root of all kinds of evil. Second, there’s a reason American notes and coins say, In God we trust. God comes before any and everything. Ever take a good look at the word Money? MY ONE. My one what? Perhaps if you knew the true origins of money you wouldn’t be so quick to think it solves traffic tickets, a medical Bill or IGNORANCE.

          • ALWAYSTOMORROW

            What?

          • ONE WHO KNOWS

            Let me repeat: You’ve got your way of SEEING life
            I’ve got my way of SEEING life.

          • JustBill

            Yes, thanks for driving that point home for everyone.

          • JustBill

            I can’t identify a logical point of bearing in your thinking.
            Tell us the hospitals response to your claim that “there is no such thing as money” when they call you about payment for treating your head injury.
            The Hospital may settle for a lower amount after a short interaction with you.

          • ONE WHO KNOWS

            You’ve got your way of SEEING life. And I’ve got my way of SEEING life.

          • Plextt Plextt

            lol “The Hospital may settle for a lower amount after a short interaction with you.” LOL

      • ALWAYSTOMORROW

        “Who needs numbers”, everyone!
        The lack of not letting numbers guide our spending is the problem on ALL levels.

        • ONE WHO KNOWS

          Or numbers can be used to enslave the human mind. Numbers are a great source if used honestly. However, in our society numbers are fudged and waxed to the point that you do not know what to believe anymore. Ancient people created numbers for spiritual reasons.

    • Bill G Wilminton NC

      Unless you are one of those who lost their job.

  • Smitty Werben Jaegerman Jansen

    I know first hand… many multinational companies have accelerated the layoffs of Americans now that it’s clear Trump is heading for the White House. This is fact; they want the work to go offshore while they can do it, especially with all the tech companies. Amazing…

    BTW, the June layoffs will be staggering.

    • REALIST

      Do you blame them? If you owned a factory, would you have to put up with:

      Civil Rights Laws
      Family Leave
      EEOC
      OSHA
      Racial Quotas
      Sick Leave
      Minimum Wage

      etc, etc, or rather move your factory to China where you are free to hire who you want?

      I would suggest EVERY SINGLE FACTORY owner to get your company OUT of America as fast as you can. Cuba is looking good since you are free to run your company there.

      • greyprepper

        The only thing that gets me is that I don’t hear them demanding change. If these corporations are forced to conduct business the way that they do because of government overregulations, you’d think they’d be spearheading the liberty movement, using their considerable weight to fight back. Instead, I just see them jamming globalism, multiculturalism, and diversity down our throats with every commercial, ad, etc. I don’t believe that they’re the victims. I believe that they’re part of the problem, hand in hand with the goobermint. I’m just a layman though, and I probably missed something obvious. This is just my 2 cents.

        • Robert

          Corporations always run the numbers before doing anything. Much of the PC nonsense does not impact their bottom line unless you have a public response such as Target is experiencing.

      • Robert

        I recall some 20 odd years ago of a company that made mattresses. I think in NYC. Every Thanksgiving each employee got a turkey as a small gift. One year, the company was very tight on money and did not give away the turkeys. The employees sued and won in court. The company was a family business. They shut down the plant and moved to Mexico. They did not want to do that but obviously the show was over in NYC. I have no idea how Mr. Trump plans on keeping businesses here in the USA. It is not worth it in the current scheme of things. The bureaucrats run the government along with trial lawyers/lobbyists. The courts and National Labor Board support the most outrageous rules to make it difficult for businesses. There just is no reasonable solution it seems.

        I find it odd on this blog that so many rail about freedom this and freedom that but in the same breath demand that government make businesses remain in the US or to give such and such to their employees. Profit is the essence of capitalism. If you prefer another system,, then say so. But look at Venezuela, Cuba and other socialist states. They are bleeding to death. EU countries are bleeding to death as well with their socialist regimes.

        Ironically, communist China is more capitalist than the US now.

        • greyprepper

          In all fairness though, that system of capitalism (shipping factories overseas) requires communist slave labor in other countries in order to be successful. What do you call capitalism that depends on communism for its success? Should Americans be expected to compete with slave labor wages across the globe? Again, I’m just a humble layman, and I’m not entirely sure where I stand on all of this. I’m just doing my best to reason this out, and I respect your opinions.

          • Bill G Wilminton NC

            Tariffs level the playing fields….listen to Trump and learn.

      • Gay Veteran

        move your factory to China where you can pollute all you want

    • Bill G Wilminton NC

      BS…………

  • DJohn1

    What is needed?
    I suggest we need a cushion to allow people time to readjust their lives to the increased unemployment.
    One disaster area is mortgages. If people have no money then they wait out the foreclosure process and the banks take over the property. Only now the property is worth less than the money owed on it.
    Suddenly all those people out of work. Suddenly the entire welfare system is trashed with huge numbers of people resorting to welfare to stay alive.
    So all that property is now in the foreclosure market. Meaning it is worth two thirds of the value of the mortgage still owed on the property. On paper . . .
    You also have state real estate taxes to be paid. IF those taxes are not paid the state essentially owns the property outright.
    Meaning to get their money, the state will sell the property for the taxes owed within 2 to 3 years from now if the bank does not make other arrangements.
    Meaning the banks are going bankrupt.
    NO work means no one qualified to buy the property even at reduced value.
    The state is set up on a 6 year assessment. Meaning every six years they re-assess the value of the property.
    This is done with actual sales of property in the area.
    That 6 years is up. Meaning when they go out there assessing they are reducing the value anywhere from 20-50% of what it was just six years ago.
    What I have just described is a time bomb of financial concerns waiting to go off. Mortgages are sold in packages that become derivatives.
    Meaning that the entire derivative market is probably going to nose dive in the near future taking a lot of financial institutions with it.
    Including the support for things like schools. You cannot get blood from a turnip. And people out of work cannot pay taxes.
    This is all part of a difficult situation that the next President will inherit with the job. If it comes now instead of after the election it will effect who will get in the White House.
    I suggest if it is going to hit big time, it will hit around August.
    Possibly as late as October but I am not God so I cannot predict something that close.
    What I can do is predict from the mortgage market that sometime within the next 90 days after the layoff the entire marketplace will fall victim to what I have described above.

    • REALIST

      There should be NO real estate/property tax on your home.

      Why should you have to rent your home from the “State”?

      • messtime

        I am glad you said that. You are right – having your property unencumbered by government taxes & fees makes for very secure living. I have seen people with nice incomes literally taxed out of their homes in California in older days. Nothing but pure hell.

        • Diabolus Candidus

          And how will our masters pay for immigrants to get a proper American ejucashun then?

          No, you’ve not thought that far out.

          Property taxes are critical to our high quality ejucashunul system.

  • Jim Speaker

    Marc Dinger’s pizza pub is shutting down for good. Here we go.

    • REALIST

      NO, tell me this isn’t true…not Dinger’s Pizza Pub!!!!!!!?

      It costs 68 cents to make an average Pizza. He should sell them for $2 each. Cokes at $1 and pack the place.

      Then, over time, raise the prices, slowly, till he gets the price points that keeps the place packed. The average stupid person wants to go to the place that is PACKED.

      Price is everything. Price is the only thing.

      I know. It is how I run my game, uh, I mean, business.

  • alan

    Its transitory, bad weather, After Easter holiday slow down, peddling fiction.

  • GSOB

    One time, as a cook at Denny’s, 12 Catholic Nuns walked in and ordered dinner.

    What a sign and a privilege that was for me to prepare their meals.

  • John E

    I am a government contractor, and that contract is up for grabs in 2017. Long gone are the cost plus contracts and next year the “best value” contracts will also be a thing of the past. What will takes its place is “lowest cost technically acceptable.”

    In other locations where this has been done, the riff-raft and people that have no options remain at lower pay. The best and brightest start heading for the exits. Jokingly I refer to my job as rearranging electrons to enable the flow of tax payer money to the private sector, and it is drying up. The point is that a sizable chunk of private sector GDP that feeds at the trough is being downsized.

    • JustBill

      I was a Program Manager on Federal contracts in DC for many years, so I know exactly what you’re talking about.

      If the work continues and the customer likes you they will re-badge you under the new contractor, but the contractor no longer needs to keep all transitioning personnel whole meaning they can ask you to take a pay cut to meet the new contract rates.
      The use of fresh-outs, deskilling and lowering competency requirements is an issue as KSA are decreasing
      The relentless rate pressure is one thing, but wait until the customer requires both a zero cost transition and a d-escalation rate schedule from contractors.
      When the fed wants to increase jobs they in-source from contractors, we’ve lost many employees (revenue generating positions) to the fed.
      I’ve seen the cost savings enjoyed by the Fed after they moved to open source architecture and away from legacy systems.
      In Federal contracting the cleared and credentialed, best and brightest chase the dollar up by jumping between companies and contracts or become feds.
      I’ve managed many contracts and had great federal customers, but there are many that are lucky to have a relatively secure job and make the money they are being paid.

  • billtheguy

    I can’t wait for the next mortgage bubble. In the last one my meager house went from $150K to $110. But, I was paying insurance at a rate to rebuild it at $192K if it were completely destroyed. HMMMMM? Insurance companies keep getting richer and richer no matter what they insure. I should burn it right now, and take the money and run!!! WHEEEEEE!

  • Diabolus Candidus

    Bernie Sanders 2016!

    • Mr. Cipher

      Free sh.. Bernie !

    • Bill G Wilminton NC

      Commie…………

  • Ex Tempus

    ….bad economy?….Government Motors is investing $$$$$$$$$$$$$$$ in its factories, so what is the problem?

    • Bill G Wilminton NC

      It is all built on DEBT DEBT DEBT !…. derivative debt, treasuries debt, national debt, states debt, cities debt, personal debt, student debt, etc etc etc etc debt !.

      100 million not working, 46 million on food stamps, welfare, more welfare, and then more welfare all paid for with borrowed money DEBT DEBT DEBT.

      General Motors credit division is now back to the days of 09 as anyone ALIVE can buy a car NO MONEY DOWN ( just a few PIA repo fees) and 8 year payments lol what a joke !. So what Is the Problem ?

      • Steeve Girard

        3 times in a row… the heck is happening to you?

        • Bill G Wilminton NC

          Proverbs 26:4 Answer not a fool according to his folly, lest thou also be like unto him.

          Take English lessons they are probably free on the Reservation.

  • oldsgtjoe

    We have a huge garden live near a big river full of fish in a small farming town ever one is arm to teeth and many of us are military veterans and are county sheriff hate the feds and lot of the people that live here fear collapse is coming are they buying gold ,silvers and lot of food its coming just a matter of time all I can say is getting ready,,,,,

  • How Not To Play The Game

    ………..personally I like to thank the U.S. Congress for the shape this nation is in. It has no issues with blowing over $700,000,000,000.00 every single year creating enemies , funding them and chasing them around the planet creating this terror delusion while they milk us dry. How about the fact that the federal income tax has NEVER done one thing except for go into the FRB coffers as a net gain. It has never financed a highway or farm or a hydroelectric dam or anything to improve the infrastructure of this nation. 535 of them have sold this nation out to a private bank and corporations. Our economy does not have to be failing. It is no accident that it is.

  • alan

    We must have full employment down here in the Confederate States our unemployment office has closed. I drove by it yesterday and noticed it was dark and there is nothing inside. I guess if everyone has a job might as well close all of those unneeded offices.

  • David Hille

    $400 emergency room visit, I don’t think so. My wife went in for chest pains last month and stayed in the hospital for 16 hours. Falls alarm, thank God.
    Hospital bill was $16,842.21. There you go.

  • David Hille

    Not to mention the Chinese invasion brought to you by the US government.
    When a Chinese national invests $500,000 in the US they get an instant green card. So the Chinese are gobbling up the US housing market. Pregnant Chinese woman are flying into America in their final month of pregnancy and delivering new US citizens at the rate of 10,000 per month.
    Welcome to our new world.

  • Undecider

    You’re echoing all the usual anti-capitalist and pro-socialist/communist/communitarian garbage. Restore the family and being faithful to one another and you’ll probably reduce the amount of greed. Not 100% but you’ll make a dent.

    • Péter Kiss

      Unfortunately I have to say that this is the typical religious christian nonsense. Your church was always well known for its lack of intelligence. That’s it, but in our ages people are aware of what the christian church is so they turned away from it.

      • kirkpatrick

        Exactly. You want to kill all Christian, white men (who freed the slaves Worldwide), and thus you want to kill all freedom so you can return us to slavery. Sorry, but some of us white men will sooner tear your head off than submit.

        • Péter Kiss

          Christian church and freedom? You silly brainwashed idiot! Your church has been destroying our society for 1700 years, your sins are simply innumerable!!!!! Not even mentioning your pedofil priests whom you tried you hide, but didnt managed to do so luckily.

          • kirkpatrick

            Muslims are pedophile by trade and you look the other way!

          • Péter Kiss

            Keppe your primitive associations for yourself, you are a useless pile of garbage on Earth.

  • Péter Kiss

    Thanks.

  • kirkpatrick

    A cooperative society being one that pays for your Prozac while you give back blog posts like this? Sweden? Whose borders you opened up and whose women are being raped by Muslims as the Feminists whine about the non-existent “rape culture” of white men? We already tried Socialism. See Germany 1935.

    • Péter Kiss

      Ignorant asshole!

      • kirkpatrick

        When you resort to name calling, you have lost the argument. And seriously, get a life.

        • Péter Kiss

          Get yourself out of Earth asshole, you are just garbage here!!!!!!

      • kirkpatrick

        Seriously, have you ever had one Like? The World has spoken, and it said you are wrong Peter (pronounced like I’m gay).

        • Péter Kiss

          Yes more than you can imagine, little looser. You speak not the world neither god, you have nothing to do with them you are lost in your own dark inner being!!

          • kirkpatrick

            Looser? You mean loser? Moron can’t even spell.

  • kirkpatrick

    Proving the dire job situation are sociopaths (i.e., Socialists) like Peter Kiss (who is unemployed and/or paid to blog now).

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