Brutal Unemployment Data Point to Deepening Recession

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The worst part about this situation is that the big wigs running these failing companies are just laying off countless workers and absorbing their paychecks into their own bank accounts.

Corey of MA 12:10AM December 06, 2008

It doesn't take a smart person to know that things will get worse before they get better. The government is plowing billions into a sink hole. They will soon plow more into the sink hole called the big 3. Noone wants to see people lose their jobs, but the fact of the matter is in America, if you can't keep your business (large or small) afloat (Packard, Nash, Hudson and Desoto) then you go away. It's like putting your fist into a bucket of water and looking for the hole once you remove it. Thats business life in America. What we are doing right now is just plain wrong.
Want to help the country....give the money to the taxpayers. They will buy food, christmas gifts, cars and anything else they need. That will stimulate the economy and in turn create jobs.

Brian Murphy of CO 6:37PM December 05, 2008

I don't trust the fingers the Labor Department is quoting, we have had 10 straight months of high unemployment numbers, get that TEN months. The Labor Dept. is going to say we have a 6.7% unemployment rate when in November alone there were 500,000 layoffs! I will bet my last $3 that number is more like 8.7% or more. Analysts across the board are stating we will see more unemployed as the month ends and into 2009, in other words, it is going to be a hell of a lot worse before it gets better. Yet, Bush is making sure all his buddies on Wall Street, the educated asses of Wall Street are taken care of and the hell with Main Street America. I'm sorry to have to say--good riddence to Bush, and I hope the Republican Party has the decency to work with the Democrats to turn this crisis around. Neither party should or can blame the other. As far as Americans are concerned both parties are to blame--the Republicans for their bungling rush to deregulate without considering the consequences--the Democrats for allowing the deregulation and for being such weak asses and not fighting to turn the financial crisis around before it became a crisis.
Yes, both parties are to blame so stop pointing fingers. I can say this it will be a long time before the Republicans can get back up---even longer if they are going to run someone like Sarah Palin to represent them.

Ann of IA 2:50PM December 05, 2008