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The Forecast Is Grim

| Filed under: Business Blitz

New claims for unemployment benefits jumped last week to a 16 year high in America.

And, unfortunately, things won't get better any time soon.

The Federal Reserve has announced that our economic woes are expected to continue "well into next year."


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32 comments to “The Forecast Is Grim”

  1. 1

    ah, once obama gets in office it will all get better….i predict january 21st 2009.

  2. 2

    No shit, captain obvious.

  3. 3

    I hope things get better, it would be cool if every millionair helped a family that was struggling, just by donation $2000 or so to family each month for a year would help at least one family get back on their feet. I have a couple of friends who are doing that they are adopting a family in need and that is helping at least 4 families, (each helping 2) I would love to do that but, I have to do it in lower amounts since I am not that rich.

  4. 4


  5. 5

    What have I been saying? Squirrel stew! Where's that squirrel anyway?
    I've got milk!

  6. 6

    Fix it. FIX IT!!

  7. 7

  8. 8

    i've been without work since may. it really sucks. there are no jobs in my area…

  9. 9

    Re: Samantha07 – honey, if you saw what my husband pays in taxes, it'd blow your mind. believe me, we more than do our part. you need to get on your civic leaders to get them to spend the money correctly.

  10. 10

    Not to worry. The the Messiah Obama shall bring us peace and prosperity in the new year. All of us will have wealth beyond our imagination soon after he takes office. All of you liberals have assured us He will save the world and I'm counting on it!

  11. JHNN says – reply to this


    don't rely on obamaa for everything
    he can only do soo much…

  12. 12

    Greedy Americans wanna live like they are rich.

  13. 13

    Re: topper – i know you are probably not interested in a smelly black cow who has been in lockup for months, but i had to throw this out there……….
    will you PLEASE MOUNT ME?
    pretty please?
    i'll even give ya a free gallon of milk for your efforts!!

  14. 14

    thank you Bush…..my ass is still sore from the ass fucking he gave me …..and the rest of the country.

  15. 15

    God help those of us in Michigan if it gets any worse. I drove to my brothers house which is about 20 miles away and I counted 32 homes with court papers on the doors and abandonded. Thats not counting homes for sale. This state is in a crisis. I went on a trip out west across 12 states and none of them compare to how bad off we are. I also see Obama chose our worthless Governor to his cabinet. God help this country now!!

  16. 16

    god…… i hope it gets sorted out before im over there.

  17. 17


  18. 18

    If you want to see an excellent and devastating expose on Sarah Palin's lie about being Trig's mother, check out palindeception.com - or google palin deception.
    And I'm apologizing right now for bring her name up again — I'm just still shocked at that extreme flaw in her character, and I hope the truth comes out.

  19. 19

    It hasn't been this high since the LAST sucky President Bush was in office. Thats what Republicans do BEST! Make sure the lower class can't get ANY jobs and have no public support either. I mean, we are just sub-human right? Don't deserve a dime and Gawd forbid if they spread the wealth around, oh no, Billions aren't enough for one person! Greedy fuckers.

  20. 20

    Re: Wanna Milk Me Hates Perez!!
    I get that offer a lot from prison mail. Is it true if your churn enough it comes out butter?

  21. @v@ says – reply to this


    If they keep helping themselves to money only for cherry picked 'haves and have mores', the forecast will get even more grim. Where is the well laid out plan that would start by helping the larger numbers that really need it; how about those soon to be evicted mortgage defaults that precipitated this large bailout sum in the first place? CEO's are walking away from poorly managed and bankrupt companies with $25 million dollar bonuses in their fat little hands. Follow the money.

  22. 22


    He ran on that plateform
    He has PLANTED this idea in US
    He says HE CAN DO ALL
    and he can PART THE SEAS
    He WILL make US as ONE
    He will TAKE from OTHERS to give to you
    OTHERS that is who HAVE a job, ANY job
    and TAX and TAX and TAX you to pay for HIS dream for YOU.
    Besides, he is gonna EXTEND BENFITS, why worry,
    Just learn to STICK OUT your HAND

  23. 23

    Well into next year!? Try 2010, forecast is 1.7 million jobs lost by mid next year. The party lazy folks will have to start working like the rest of us, no more credit card living for the fiancially challenged. BUDGET, BUDGET, BUDGET!

  24. 24

    Mmm, think Georgie just signed off on another unemployment extension. He didn't wanna but the Boy's Clubs were gonna attach it to the auto industry bailout if he refused. Amounts to something like 6 weeks in most states, 13 where the unemployment rate is 6% or higher. Hope that helps get some of ya through the holidays.

  25. 25

    Regardless to what gender you prefer or what color your skin is… this issue is THE MOST important. This is what people should pay attention to. Get out and march for f-ing JOBS! Tell those CEO chairmen of GM to fly business class, not an expensive ass private jet.

  26. 26

    Let us see what Saint Obama is able to accomplish… what promises he will keep. Let us find out who we actually elected versus what the media has made him.

  27. 27

    That's good news for you Perez. That means more people sitting around blogging until their internet connection is disconnected.

  28. 28

    stop fucking giving away the jobs to china and india just because they're cheaper labor!!! no wonder the economy is screwed.

  29. 29

    considering the last 20 years have seen record LOW rates of unemployment, do we really need to get out panties in a knot?

  30. 30

    Re: shelbz115 – if you're willing to work you can find a job.

  31. 31

    Perez, you better get typing. You wouldn't want to end up like one of those poor people who makes less than a million a year.

  32. 32

    I hope things get better, it would be cool if every millionair helped a family that was struggling……..Wanna share your thoughts, ideas, or opinions like this? What about sharing it with the world? Here in, Uploaded.TV that allows you to do just that! Shoot a video of you expressing your viewpoints and upload it in www.uploaded.tv. Watch your video on real TV, anywhere in the world. Let it be known to the world what you think!!