Obama Economy: Jobs Created In August: "ZERO"!!!!!!

Quote from Ricter:

Please indicate what the president, any president, could do about the jobs situation at this time. When thinking about your answer, take into account that:

1) consumers are "underwater" and are deleveraging, not spending.
2) big business is sitting on more cash than it has ever been.
3) small business has access to credit.
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they could shrink government to a fraction of what it is now, replace the IRS with a consumption tax, reduce taxes... the answers are quite clear with regard to job creation but people think that government is the answer so these things won't be implemented...
 
Quote from Scataphagos:

Sadly, no major improvement in jobs outlook for years.. maybe even decades.
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Try to get hold of the BBC documentary '' The Last Days of Lehmans ''

Its guaranteed to blow your mind away. Hank Paulson put the blame squarely on the greed of bankers. '' The West is Fucked '' he said.
 
Quote from CaptainObvious:

Construction so slow Pawn Shops have stopped taking tools.
http://finance.yahoo.com/blogs/breakout/secrets-pawn-star-132957563.html
BTW, I like the show, but they're an ugly bunch.:eek:
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I actually watched an episode one time, where they were bitching about the margins from the previous month and i was shocked to hear how low they were. The highest in the shop was like 35% and ChumLee was only at like 12%. 35% margins is not that uncommon in alot of businesses. But that also could have just been a horrendous month, and they also could have just been doing that for the camera.

Bottom line is that if you dont haggle on the buy side or the sell side a little, your probably going to take it up the ass, but if you are good at negotiating and not desperate to sell, some of these guys are somewhat honest. Im sure there are also some real vultures out there too, but they wouldnt exist if people didnt go to them, so they are still fullfilling a need for people.
 
Quote from pspr:

This is just sad.

I'm hoping "Fast And Furious" will turn out to be Obama's "Watergate". If we can get him out of the White House Biden will be inept and won't do more damage. Obama has more damage planned for the economy if he stays for another 18 months.
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Sorry that Watergate thing didn't workout for you piss poor :(





http://news.yahoo.com/justice-dept-faulted-gun-trafficking-operation-181210695.html



Justice Dept faulted in gun-trafficking operation


WASHINGTON (AP) — The Justice Department's internal watchdog on Wednesday faulted the agency for misguided strategies, errors in judgment and management failures during a bungled gun-trafficking probe in Arizona that disregarded public safety and resulted in hundreds of weapons turning up at crime scenes in the U.S. and Mexico.

A former head of the department's Bureau of Alcohol, Tobacco, Firearms and Explosives and a deputy assistant attorney general in Justice's criminal division in Washington left the department upon the report's release — the first by retirement, the second by resignation.

In the 471-page report, Inspector General Michael Horowitz referred more than a dozen people for possible department disciplinary action for their roles in Operation Fast and Furious and a separate, earlier probe known as Wide Receiver, undertaken during the George W. Bush administration. A former acting deputy attorney general and the head of the criminal division were criticized for actions and omissions related to operations subsequent to and preceding Fast and Furious.

The report did not criticize Attorney General Eric Holder, but said lower-level officials should have briefed him about the investigation much earlier.

The report found no evidence that Holder was informed about the Fast and Furious operation before Jan. 31, 2011, or that the attorney general was told about the much-disputed gun-walking tactic employed by the ATF.
 
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