Quote For The Week
It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.
-Harry S. Truman (33rd U.S. President. 1884-1972)
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on Monday, December 1st, 2008 at 11:22 pm and is filed under Depression, Economy, Employment, Quote For The Week, Recession, Unemployment.
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December 2nd, 2008 at 6:15 am
How is this for depressing? I swear this is utter bullshit.
Bloomberg Article Link
“Retention” . . . I’ll be sure to use that in my annual review, if I get one this year.
Sorry for the doom & gloom posts.
December 2nd, 2008 at 9:40 am
Nice catch P.O.ed. “Retention” pay? How ’bout “Screw You Taxpayers, I’m Holier Than Thou” pay?
December 2nd, 2008 at 10:14 am
Thanks for the link P.O.ed. I just emailed the AIG article, along with some choice comments about it, to my senators and congressional representative.
We may complain to our heart’s content on the blogs, but unless the Powers That Be (i.e. the decision-makers) hear from enough of their constituents, they will still not get the message.
-Mammoth
December 2nd, 2008 at 1:44 pm
Depression is also when you still have your job but it was cut from a 12 month position to a 10 month position and you barely got by on 12 months pay. Oh one more thing, the 2 weeks vacation you waited a year to get…poof it went away the same day you were made into a 10 month employee. Not enough credit has been given to the high cost of gas this past year and the devestating effect it had on our economy and society. We are so busy blaming Fannie and Freddie and whoever to look at the big picture here. Plug in cars would cost the equivalent of 60 cents per gallon to drive at the current average electric rates. The electricity to charge them could conceive ably come from solar or wind.We spent 168 billion on the last stimulus pkg that did nada for our economy. Why not invest in getting some alternative energy projects set up and running. It would create cheap clean energy and create new badly needed jobs. This past year the high cost of gas seriously damaged our economy and society. While we are doing the Happy Dance around the lower pierces at the pump OPEC is planning strategy to raise the price per barrel back up to between 75-100. per barrel.We really need to get on with alternative energy. Bail us out of our dependence on foreign oil and the control it has over our economy and society. There is a great new book out called The Manhattan Project of 2009 Energy Independence NOW by Jeff Wilson. I highly recommend this book for anyone who is worried about our economy and would like to see our country become energy independent
December 3rd, 2008 at 7:26 pm
Thanks for the comment Mammoth.
“We may complain to our heart’s content on the blogs, but unless the Powers That Be (i.e. the decision-makers) hear from enough of their constituents, they will still not get the message.”
Amen…
December 3rd, 2008 at 7:32 pm
Thanks for the comment James.
“Why not invest in getting some alternative energy projects set up and running.”
I agree with you 100%, as I believe that one day soon the headlines will be dominated by the “supply destruction” of crude oil rather than “demand destruction.”
By the way, the book by Mr. Wilson looks really interesting (saw it on Amazon.com).