Let GM go bankrupt, and all the job losses from that and from their suppliers will continue the exponential growth of unemployment (and I believe housing).

Footnote:
Since my wife lost her job last Nov, I spoke w our mortgage Co in Jan to see if we could get our payments reduced (as Obama suggest an allegedly made possible w his Housing Act). Nope. Won’t even give us an answer for 90days. WHEW! Boy, that Obama plan sure is helpful.

NOT

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Take a look at the weekly job losses for since the Sept stock market crash. It’s an exponential growth rate.

The rise really seems to take off from April 2008. Before then it’s mainly between 4 and 5%.

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Scott,

I enjoyed your article. I re-posted it at Free Republic. There are 100+ comments that you should check out.

http://www.freerepublic.com/focus/bloggers/2202068/posts?page=1

Regards

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“Things are grown so ill in this realm that wrens now feed where eagles dare not perch.”

~Richard III~

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HAHAHAHA Are you serious????? The public gives them 2 years, minimum. Anyway, you guys have fun in your own little world.

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Are the worsting economic conditions any surprise given the systemic problems in our economy? To think 47 days in office or an additional 30 days of President Obama are going to increase or decrease the changes is delusional. We have been exporting $500 billion in cash a year for energy, while running up ENORMOUS deficits in trade and budget. The so called “wealth destruction” we have seen so far is like the fake statements sent out by Bernie Madoff, an illusion. The value of your house never went up, the value of equities never went up, they were inflated by borrowing against borrowing. A hollow tree never stands through a high wind.

The term given to the “great generation” (WWII folks) was correct. They were the last to build this country up… the latte sipping generation that followed is fat and bloated in self-esteem and has no ethics. That is why bridges fall and levies fail and new roads are tollways. We spend more time on bullshit than on reality. It is time for this generation to PAY their way.

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@MataHarley: “So perhaps there will be a lot of uber-liberal college kids, implementing that “desperate” notion and enlisting. “

You don’t really think that will happen do you?

These libs LOATHE the military. And frankly, I imagine the feeling is mutual. It’s a total disconnect between people who value service to country, patriotism, freedom and those who worship at the feet of one world government under a socialist banner.

I thought Obama was going to create some sort of “force” for security separate from the military that would appeal to lefties aching to lord it over the rest of us. I didn’t hear anything about it in his budget blueprint but maybe it’s been sneaked into one of these mega spending bills and we haven’t found it yet.

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Kitty is right. BO and MO gave speeches as far back as the beginning of the primaries that:

1. The economy was awful and getting close to catastrophe. This was to scare people into voting for him, and to pyschologically create a recession/depression mentality to CAUSE a downturn in consumer confidence and consumer spending. The huge drop-off in auto sales across the industry occured months before the banking crisis, for example.
2. ALL of us would have to reduce our standards of living to participate in the “shared sacrifice” of “social justice” “economic justice” and “environmental justice”. Go back and listen to the speeches.

The DNC platform coincided at more than 25 points with the American Communist Party platform and the Socialist Party of America platform. Both of the far-left groups agree that to bring down capitalism and implement socialism, massive economic hardship is a catharsis the country as a whole must endure. Mr. Obama repeatedly warns his loyal followers that “it will get worse before it gets better.”

Visit his continued campaign/DNC campaign “Organizing America” and you’ll realize his “community organizers” have been “preparing” his supporters for the “necessary” economic collapse to enable him to nationalize banking, heavy industry, energy, transportation, and mining, and healthcare.

Besides the attacks from every government agency on small business (the real job source), BO and Congress have launched a full-fledged attack on the non-profit services sector to eliminate their sources of funding, while funneling government grants and eligibilites to “community leadership” groups. Over 100 preferences amounting to $100 million in the Farm Bill alone for “socially disadvantaged groups”, ditto the Stimulus Bill, ditto the last Appropriations Bill and the current one. Require members of “socially disadvantaged groups” to sit on the boards of all non-profit service agencies. Require all philanthropists to give 50% of their donations to “socially disadvantaged groups” or non-profits that exclusively serve “socially disadvantaged groups” (rather than all needy regardless of race, religion, gender, etc.) like children’s hospitals that provide free medical care, or battered women’s centers, or homeless centers, or colleges, or after-school programs, etc.

The obvious strategy is to use FEAR to create a depression that will overwhelm private resources, and at the same time, dismantle those private resources in order to force the population to throw itself on the mercy of the government.

Complaining about what is happening will not prevent it. Showing the American people how socialism fails everywhere in brief but powerful examples is necessary. Fighting back with coalitions of working people who will be hurt and whose lives would not be better with industries and social services run by committees using alternative media and hammering Congress and holding public protests is necessary, before the lock down on public comment is enacted.

Already, bills for squashing public dissent are in House and Senate Committees, and the FTC hopes to require “internet fairness and balance of expression of opinion” besides FCC moving forthwith on the “Fairness Doctrine” for public radio.

Knowing there will be a “backlash” and that Congressional seats needed for the majority are up for re-election in 2010, BO and Congress and the cabinet appointees and regulators are moving at breakneck speed to get everything enacted in 2009.

By Independence Day, you may not recognize the United States of America.

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Yup, Mr. Mike. The motivation for our current troops was debunked. But I’m talking about our future troops.

And evidently – based on the “desperation” argument the progressive/liberals presented – framing the military as a last option for the jobless isn’t an idea that got pulled out of a hat. I believe some civilians actually feel that way about the military.

So perhaps there will be a lot of uber-liberal college kids, implementing that “desperate” notion and enlisting. And you can also bet they will be shouting their forced servitude from the mountaintops in doing so.

Altho there is this to consider as well. One of the incentives for serving our country was educational benefits. If Obama’s planning on having the nation pay for higher education, that will remove the service incentive. In which case, it will then come down to two things… patriotism and a genuinie desire to serve, or the uber-liberal think of desperation for a job.

Should many view their future service as an avenue of last resort, it’s entirely possible that the quality of our military could suffer. Afterall, it would have a large composition of whiny “victims” of the economy. One could only hope the military discipline, the global opportunities and travel, and comradrie would clean their “victim” acts up.

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@MataHarley: Doesn’t the idea that bad economic times would enhance military recruitment play into the liberal stereotype that only people who can’t find or somehow aren’t fit to find work elsewhere join the military?

Haven’t we already debunked all that?

Besides, I thought recruitment was going pretty well on the whole.

Though I imagine that is going to change as Obama continues to hack away at the military budget and undermine the confidence of our troops by his indifference to national security matters.

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