• Silver Underground
No tallies were added to the job board in August and President Obama will be stepping in to help with a proposed plan of $447 billion in stimulus money. The plan will provide for unemployment benefits, payroll tax cuts, infrastructure, and security cash so teachers, firefighters, and cops don't get laid off. (God forbid employees that aren't economically justified become a part of the unemployed pool)
Let me remind the readers here today that we are currently over $14 trillion dollars in debt and the government has passed numerous stimulus packages that most likely need to be renamed, for false advertising purposes. As all of the failed policies pass us, one by one, the head of our central bank can't even seem to grasp what is going on around him.
Bernanke this week admitted to being puzzled about consumer spending. He stated:
"Even taking into account the many financial pressures they face, households seem exceptionally cautious."
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