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2 posts tagged economy
GothamGal shared a great post today on GothamGalry about the debt ceiling - well worth the read. At least someone is trying to find a solution. Too bad it’s not our government.
Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:”I could end the deficit in 5 minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for…
Source gothamgalry
Reblogged from gothamgalry
All About Me
I’m never one for holding back, so here it is - our economy is still a complete mess and no one really knows what is happening. As of August, unemployment is at 9.1% Very few industries are showing increases in job creation - most are flat. Some are still reducing. Almost 50% of those unemployed have been without a job for more than 27 weeks. The number of “involuntary part-time workers” rose from 8.4M to 8.8M in August (what is an “Involuntary part-time worker”? For illustrative purposes, think “investment banker who can’t get a job in the financial industry and now works as a sales person at the Gap.” )
The Department of Labor’s Employment Situation Summary is pretty damn interesting, if you can avoid getting too depressed or too angry because our leaders seem to be floundering.
I don’t have the time to panic every time Gloom and Doom takes over the NYT or the WSJ, but what’s a girl to do?
