9.4% Really Means 12%

Official national unemployment published rate 9.4%. We all know that really means 12%.
Bernanke is giving early warning signals of trillion dollar a year deficits and (oh what a surprise) long term interest rate increases, and this means (read between the lines) Inflation folks. Meanwhile Geitner is overseas being laughed at by the Chinese as he tries to convince him our T-bills are still good.

The hard edge of this recession looks like it hasn't arrived yet, but here it comes. As if things weren't hard enough out there. Here in California the governator has announced that "the wallet is empty" with plans to cut summer school, home care for the elderly, all welfare, work fare and food stamp assistance programs and who knows what else. What will out of work people do when they can't even get food stamps? Time to clean your gun.

California only needs 24 billion or so Washington, can't we siphon a little of that tarp money off to save a whole state? GM got 30 billion for God sakes. California is looking at being bankrupt by July-and oh yes, water rates just doubled as well as car registration fees. Thank you legislators.

Where are the jobs? Time for some 'New Deal/WPA projects. San Diego needs a near-shore airport extension, California could use an aqueduct from water rich Washington State, what about the wind power grid? Let's get something going already big O.

In the mean time, jobs will more than likely be created slowly, as they always have from the innovative entrepreneurial fabric of of real Americans starting or running small businesses. Look around my fellow gringoes. There are lots of needs that need fulfilling on a local basis. I recently ran into a guy who had started a business cleaning out foreclosed houses to get them ready for auction. I was sorry to hear that he was as busy as he could be.

AIG...Thirty Bil Mas?

OK Ok, some of you are thinking-- wouldn't it just be cheaper to start a new company instead of flushing another thirty billion with a 'B' down this cesspool?

At what point do you stop trying to resuscitate the diseased tree and spend the money on growing some new ones?

The scary part is not that the new Treasury department guy doesn't know what he's doing, or the possibility that he's in collusion with the same old boys club-- the truly terrifying thing is that these are intelligent people making really well-informed decisions and THERE WILL BE SOME TRULY CATACLYSMIC REPERCUSSIONS if we don't pump in another 30 billion. No Senate hearings, no open discussion- they all just agree that WE HAVE TO DO THIS..!!!

Damn. That means you might actually have a heart attack if you saw their balance sheet.

What I want to know is---Who were the specific individuals who let things get this bad-? Where do they live? Why aren't they in prison? If we aren't due for any financial relief, maybe we can get some emotional release by seeing these guys get keel hauled.

And oh yeah, The DOW dipped below 7000 today (not far to go for a loss of 50% of the DOW from it's historical highs).

Introducing RECESSION HELP

WELCOME to Recession Help.

Hey, everybody needs it right?

This BLOG is a cousin to the National Recession Survival Resources Web Portal: http://www.heretohelp.us/ which I founded in January--

That portal has become a monster with over 85 categories and pushing twelve thousand different resources for help, aid, and assistance for all of us who need it.

(Go there and add your own resources if you know of things that really help people- or email me here and I'll make sure it gets posted appropriately) recessionhelp@heretohelp.us

I felt the need to pontificate on more issues, politics, spending etc. related to the New Depression as I term it-- so this will hopefully be catharctic for me, and entertaining and involving for you.

I also strive to let you know about some of the best resources to help you as we find them at HereToHelp.Us