Could a 2008-09 recession wipe out 7 million jobs?

re: Could a 2008-09 recession wipe out 7 million jobs?

Gritting my teeth — Tue, 09 Dec 2008 20:36:49 GMT

As a retail store manager my labor costs are the biggest challenge to operating our store at a profit. Don't forget the Democrats pushed the minimum wage increase two years ago. The small business that is on the edge will likely be shut down next summer when the minimum wage increases again.I have observed that the vast majority of my employees end up paying zero income tax in spite of the wage increase.They have not expanded the tax base to help the overall economy.What has the minimum wage increase accomplished?

re: Could a 2008-09 recession wipe out 7 million jobs?

Shean — Wed, 08 Oct 2008 00:46:41 GMT

"[The natural right to be free of the debts of a previous generation is] a salutary curb on the spirit of war and indebtment, which, since the modern theory of the perpetuation of debt, has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating." --Thomas Jefferson to John Wayles Eppes, 1813. ME 13:272

re: Could a 2008-09 recession wipe out 7 million jobs?

Damiano — Thu, 19 Jun 2008 06:51:55 GMT

we have only begun to smell the odor of a recession!!!

re: Could a 2008-09 recession wipe out 7 million jobs?

Realist — Fri, 06 Jun 2008 03:26:25 GMT

Now lets all deal with the real issue here its called Fiscal responsibility>

any comments on that direction??????????

re: Could a 2008-09 recession wipe out 7 million jobs?

Anthony — Tue, 13 May 2008 21:28:18 GMT

William, you must be the typical brain washed republican who voted for George in the first place; which you obviosly do not regret. How about George's responsibilities for our loss of millions of dollars and thousands of lives to setup companies who take jobs from our troops/country and pay a outrageous mark-up for a 1/4 of quality work that was done prior. Profits, profits, profits. Congress does nothing because George and his father have key congressman in key places to keep the ongoing of Billions being paid out to their connected corporations. Our presence is not needed there...we are only there to make money and thats not money that you see. It's rather the money that is deducted from your pay check.. These are facts and hopefully you see your responsibility in being ignorant to what our money is really being spent on; unless you are part of the top 3-5% in income for nation. If not, you have been another that has been decieved by the Bush administration.

re: Could a 2008-09 recession wipe out 7 million jobs?

Vyus F. — Tue, 13 May 2008 17:03:05 GMT

My opinion is that we need move toward a more sound monetary policy. Maybe gold and/or silver-something besides the feds. We need to get rid of these elected officials who are selling us off to the highest bidder as well. It sounds like modern day "Economic Slavery" to me. The problem is that "We the People" have no control nor influence of our currency. Our country borrows money from an institution that simply prints it out, thus creating a debt that you and I pay back in taxes. By the way, where's that money going? We will almost always have inflation if our government continues to borrow and spend. Why can't I get a loan for 1 trillion dollars. "We the People" need to it together, before a few control everything. That's if we haven't waited too late.

re: Could a 2008-09 recession wipe out 7 million jobs?

mike — Tue, 13 May 2008 16:39:04 GMT

why does'nt the goverment have lay-offs?

re: Could a 2008-09 recession wipe out 7 million jobs?

William — Tue, 13 May 2008 16:11:33 GMT

Jack, get a clue and your facts straight. Iraq hasn't gotten anywhere near one trillion much less "a few trillions dollars". Additionally, Congress is primarily responsible for the budget; the President signs it to keep the government operating but his veto can only go for so long where the budget is concerned. The economy is bad and getting worse because of a confluence of factors that no one person could possibly have averted. So in my opinion be thankful for your rebate and use it to pay off some debt and get your own house in order financially. If we as individuals took a greater responsibility over our own financial lives, then the mortgage crisis might not be happening. The other primary factor for the worsening economy is the price of oil. Oil prices affect the price of just about everything else and that my friend is a function of supply and demand. If the economies of China and India had not been growing at roughly 10 percent over the last half decade, then oil would be much more affordable right now. So one final question, how is all that the fault of the President?

re: Could a 2008-09 recession wipe out 7 million jobs?

Billsy (Aust) — Tue, 13 May 2008 12:42:53 GMT

Gday from down under.we are watching your financial sector with interest and have started to see the sub prime crisis ripple over the pond to us.Tell me how are is your stock-market doing at the moment? ours seems to be on the way up fuelled by our resource sector and Asias demand for minerals and energy.Im curious to know

re: Could a 2008-09 recession wipe out 7 million jobs?

nate wallace — Tue, 13 May 2008 03:31:43 GMT

actually, higher oil and food prices can be a route cause of inflation. The two groups of thought on the subject are monetarists and keynesians. The former believes that currency is the key factor and the later believe the availability of real goods is the cause. Look it up.