Near lifelong resident of Bedford County. Will comment on the issues of the day in, hopefully a cogent and certainly an honest manner. Will propose discussions not usually fully addressed in the mainstream media.

Unemployment

Posted Friday, May 8, 2020, at 1:58 PM

Well the mainstream media are quick to point out the unemployment rate is 14+%. I guess they know economics much better than all the investors who invest in stocks including all working people through their 401(K)s, IRAs, Roth IRAs, pensions and private retirement accounts. These investment are a huge persentage of the Market capitalization.

Interestingly, never mentioned is the fact that FDR, the Godfather of the contemporary progressive/liberal, for the first 8 yrs. as President never had an unemployment rate below 14%. He is often hailed by his ideological progeny as ending the Depression. This is so factually wrong but it doesn't fit the narrative so we must not be told. The Depression was indeed ended by one man, his name was Adolf Hitler!

Comments

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Dow industrials close today up nearly 2% at up $455.43.

-- Posted by cmcclanahan on Fri, May 8, 2020, at 3:02 PM
The longer this strangled economy continues, the more small businesses will fail and the more dependent we will become on government. Does any political party benefit from that?

-- Posted by stevemills on Tue, May 12, 2020, at 5:13 PM
Yes Steve. It allows the Democrats to maintain they could have fixed it, with no proof of course, thusly blame all damages on the Republicans. Such is the state of the Union where the welfare of the people be damned.

-- Posted by cmcclanahan on Tue, May 12, 2020, at 6:50 PM
Dow industrials were down today 2.17 percent.

-- Posted by tcreek on Wed, May 13, 2020, at 10:35 PM
I guess the blog monitors we so busy with their monitoring duty that they missed the Dow was up 1.6+% today after being down near 3%. No agenda here!

-- Posted by cmcclanahan on Thu, May 14, 2020, at 3:28 PM
I see the blog monitors felt a one day fall in the Dow of 2.17% is monumental news, but a one day rise of 3.85% is ho-hum. No political proclivities here of course!

-- Posted by cmcclanahan on Mon, May 18, 2020, at 3:06 PM
I like the higher unemployment rates! I become richer by helping the unemployed become richer. And it comes from the unemployed!

I am retired, but I work harder and longer now than I ever did working for the other guy in any job I ever had.

Yeah, it's almost like the NESARA Law where you don't have to work for the money.

It's my Unique Hobby! There is nothing to sell so I don't have to pay any sales tax or get a Business License. Since I don't have anything to sell, I do not earn, make or demand payment for anything so there is no Income. Since there is no Income involved I do not have to pay an income tax on all the Cash $100 Bills I receive. If I don't have to pay any Income tax that means I don't even have to file a return.

What a great life it has turned out to be. GO unemployment! A new way of Life without taking anything from the government or any taxpayers.

I call it the "UN-EMPLOYED LIFESTYLE!" Works good for me! Why fit something that isn't broken for others?

-- Posted by sui on Sat, Jun 27, 2020, at 5:08 PM

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