Quote:
Originally Posted by CRedskinsRule
Just like how many licks it takes to get to the center of a tootsie roll tootsie pop - The world may never know
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That was a rhetorical question,
we actually do.
Quote:
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Construction companies eliminated 104,000 jobs. Factories axed 168,000. Retailers cut nearly 40,000. Professional and business services got rid of 180,000, with 78,000 jobs lost at temporary-help agencies. Financial companies reduced payrolls by 44,000. Leisure and hospitality firms chopped 33,000 positions.
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An economy built on consumption cannot withstand for long high unemployment. Once an economy collapses there is no quick fix, it takes years to start a successful business to re-employ the unemployment. Of course that all depends on investor confidence and the credit market, no one likes losing money and no one can start a successful business without being able to borrow.
The economy is organic, it can sustain damage, it can heal by itself, but I suspect applying an ointment, even if it's a
placebo, is better than going all natural.