Monday, June 28, 2010

DOW 7000 BY ELECTION...MASSIVE STATE AND LOCAL LAYOFFS LOOM!

THE COMING OF THE TEA PARTY WILL DEPRESS THE ECONOMY...EVEN AS THE STATES AND LOCAL GOVERNMENTS COLLAPSE...

JUST THE INCREASE IN GOVERNMENT WORKERS ON UNEMPLOYMENT COULD CAUSE UNEMPLOYMENT TO REACH 12% BY FALL...

OF COURSE THE CUT OFF OF UNEMPLOYMENT BENEFITS WILL CAUSE MANY OTHERS...TO "DROP OUT" OF THE WORKFORCE...WHICH WILL ACTUALLY BE 'GOOD FOR' THE UNEMPLOYMENT PERCENTAGE...BECAUSE THOSE "OUT OF THE WORKFORCE" ARE NOT COUNTED AS UNEMPLOYED...!!

MORE AND MORE DISCOURAGED WORKERS WILL BE DROPPING OUT SOON...WHICH WILL HAVE THE EFFECT OF REDUCING THE UNEMPLOYMENT RATE...!! BUT THAT WILL BE OFFSET BY THE NEWLY JOBLESS GOVERNMENT WORKERS...!