When will Unemployment Stop Rising? (10/05/2009)
The Bloomberg article below discusses the fact that the economy will continue the face difficulty with the continued rising unemployment.
Unemployment Rising to 9.8% Means More Economic Pain as Consumption Falls
Our position continues to be that the consumer is be systematically wiped out by the events that took place and are continuing to take place in the economy.
Retirement funds are being depleted equity that people had in their homes is falling. People who need help[ with refinancing debts are being shunned by the banks that are being bailed out by the Government.
Real disposable income is being reduced and people are being forced to repay debts that with these reduced rates.
I see no proposals that are available to help the average person being proposed.
The Obama administration ran on a platform of helping individuals. Where is the help?
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