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U-6 Jobless Rate Hits 16.5%

WSJ:
The U.S. jobless rate was flat at 9.1% in September, but the government’s broader measure of unemployment rose to 16.5%, the highest rate this year.
The comprehensive gauge of labor underutilization, known as the “U-6? for its data classification by the Labor Department, accounts for people who have stopped looking for work or who can’t find [...]

Ron Paul: Stop Wasting America’s Money on Pretend Make-Work Government Programs

This is a common theme in American government and how they waste money. Our government and politicians make promises and spend taxpayer money on frivolous plans and are not held accountable. Most of our politicians have no common sense. I think it is time to vote them all out again. Our we [...]

Bank Of America may cut 40000 jobs

This BofA news seems to get worse by the headline. I just blogged about BofA laying off up to 30,000 people recently and this update has 10,000 more people getting the axe.  Ironic, the executives are still raking record bonuses.  If my memory serves me correctly, BofA also did take taxpayer money.  I would have [...]

Bank Of America Could Cut 30,000

The banks ask for a taxpayer bailout and our corrupt government grants it.  The banks promised they will help the people (taxpayers) by doing loan modifications and start lending more money out.  Instead, they lie about doing the mods and foreclose on people who are working with them and instead of loaning the borrowed money [...]