MANIC MONDAY: Global Markets Slide As U.S., Europe Face Uncertain Financial Future

This is not a good thing at all.

AiDe'ose economy! Jobs, future! both sides or party arena have screwed this country! BOTH SIDES have finally let us down.

So much for Europe and it's pro Union, Pro entitlement and big taxing legacy. Maybe now with facts a flying somebody will have enough sense to say "Hey this doesn't really work, sounds good but doesn't work"

Nonsense. It's the same type of greedy bankster miscreants who have dragged us down. But nice try.

And who didn't see this coming. For weeks the ratings agencies ALL said that they needed to see cost cuts, revenue increases (the Grand Bargain) and the Tea Partiers's would not listen. Then we get downgraded on the weekend, so they could hold off the markets for at least a day (which does nothing) and here we are.

Time to get ALL our voices heard, 99ers, Long Term Unemployed and recently unemployed. They need to know our stories and our frustrations.

And, just to fuel the fire, let's all work together and leave the politics in DC, it created this mess along with greed bankers and the Wall Street robber barrens, so let's just be on the same side, each other's!!! We cannot afford to let them divide us.

On another note, which indirectly speaks to this, tomorrow is the Wisconsin recall election. Should give us an idea what some of the Country is thinking with regards to Republicans, Tea Partiers and union busting, wage freezing and salary reduction.

I do agree, we will all have to feel some pain, everyone is going to have to give a little, but not just everyone under $250K, the unemployed and the poor, it has to be everyone. It's been said many times, there are so many ways to reduce a deficit, costs alone, if properly negotiated can be reduced, taxes, defense, reducing the tax loopholes, real tax reform, real oversight in banking, not the watered down version of Dodd Frank, which was, by the way, all they could get through, real healthcare reform, again, not the watered down version that was all they could get through, extending benefits for ALL the unemployed including the 99ers, and most importantly, JOBS!

A lot of us in this forum have been together a long time. Although I am still not employed after 3 years, today after watching the Market and reading all about the economic armageddon I couldn't help but think about my 'unemployed friends' who have been fortune enough to find a job or have promising leads. I pray that what happened over the past week (and will probably continue) will not hurt Lendmeflight2's hopeful job prospect, or cost MoInStl, AloneinPA, JoanB, our Founder, Job(less)_in_MA, Admin Sick & Tired, Moderators gettheminNOVEMBER and X, and other forum members, their new jobs....

What is going on with the economy right now never should have happened. Three years ago our leaders should have been more proactive and based decisions on the advice of economic experts, not partisan politics.

Praying for all of us tonight - the unemployed, 99ers, underemployed and employed. God, help us all.

tristen303 wrote:So much for Europe and it's pro Union, Pro entitlement and big taxing legacy. Maybe now with facts a flying somebody will have enough sense to say "Hey this doesn't really work, sounds good but doesn't work"

tristen,

What country would you point to where things are working? China? India?

[quote="DesperateInRI"]A lot of us in this forum have been together a long time. Although I am still not employed after 3 years, today after watching the Market and reading all about the economic armageddon I couldn't help but think about my 'unemployed friends' who have been fortune enough to find a job or have promising leads. I pray that what happened over the past week (and will probably continue) will not hurt Lendmeflight2's hopeful job prospect, or cost MoInStl, AloneinPA, JoanB, our Founder, Job(less)_in_MA, Admin Sick & Tired, Moderators gettheminNOVEMBER and X, and other forum members, their new jobs....

What is going on with the economy right now never should have happened. Three years ago our leaders should have been more proactive and based decisions on the advice of economic experts, not partisan politics.

Praying for all of us tonight - the unemployed, 99ers, underemployed and employed. God, help us all.


Amen, thanks for posting this and I agree X's 2. God Help Us All. And please God, keep all those jobs safe for our forum members. After all this time, they need these jobs.

tristen,

Here are that countries that are growing:
http://en.wikipedia.org/wiki/File:Gdp_real_growth_rate_2007_CIA_Factbook.PNG

Here are the countries that are taxing:
http://www.theglobeandmail.com/report-on-business/international-news/us/tax-revenue-as-a-percentage-of-gdp-in-the-developed-world/article2114914/?from=211487

I don't see a whole lot of correlations. When you throw "entitlements" and unions into the mix, I see even fewer correlations. In any case, I'd pick living in the US, Canada, or Europe over China, India, etc. any day.

Oh MaryKay, you are so sweet to worry about those of us who have jobs, and in some cases, you are probably right to. But you don't need to pray for me--I'm doing OK and will continue to do so even if this latest job evaporates. Let me send out some good energy in your direction, OK?

truth, I used to construct aguments supported by facts citing legitimate sources in the hope that I would make such a persuasive case that surely people holding opposing viewpoints would see the light.

Here's what I finally realized: facts don't stand a chance when going up against beliefs. I don't necessarily mean religious beliefs, although some of these seem to approach those. But Religious or no, the result is always the same: the next time a similar issue came around, we were back to square one, as if nothing that had gone before had made any traction. Because it hadn't. Maybe you will do better. I genuinely hope that you do.