(Honestly, I started this last Thursday, oops.)
The Labor Department reported Thursday that applications for jobless benefits hit 337,000 last week, an increase of 28,000 from the previous week. That was the biggest one-week surge since jobless claims jumped 42,000 the week of Feb. 10. The increase was four times larger than the gain of 6,000 that economists had been expecting and could be a sign that the labor market is starting to weaken under the impact of a severe downturn in housing and the credit crisis that jolted financial markets in August. ((From: Jobless claims rise sharply))
If you’re up on the news, you’ve noticed that everyone seems to be discussing (in the U.S., and elsewhere as well) the recent/future financial crisis that can get big. It seems were all getting hit from all sides, but I think the common denominator is exploitation.
Certain people are trying to exploit upon others who are ignorant of their circumstances, or just put too much trust into the uncertain.
Why else would bankers loan money to poor people so that they can buy homes that they will never be able to pay for fully, to only foreclose on them 2 years later?
Why else would oil companies be making record profits at a time when we’re supposed to be in a serious oil crisis?
Why else would the value of homes be dropping all over?
Why else would the stock market be so unstable?
The irony is that people in the government, people in the news have not spoken up on this until the past few months, even though the sign that the bubble might burst had been looming for years (since at least 2005).
Things are going downhill fast, and unless our moronic President stops acting like a jackass, there will only be 2 classes in the future.
The screwed and the users. Guess which one the majority will be in?