By PUMA Pundit on September 5, 2009
Yesterday we were told that unemployment is at 9.7%, but this number is only accurate if we count those who are unemployed i.e have NO work and have NOT had work for 15 Weeks or longer.
Looking at the Department of Labor stats however, when one factors in:
*The Recently Unemployed: All those who have been unemployed [...]
Posted in Economy | Tagged barack obama, department of labor, stimulus package, unemployment
By PUMA Pundit on August 31, 2009
Great news for the US economy. While unemployment continues to rise, GM which was bailed out with taxpayer money not too long ago, has found $293 million to create jobs in China. I guess Communists need to stick together, or is this another case of no pressure being exerted?…
Reuters
General Motors said on Sunday it has [...]
Posted in Economy | Tagged changchun, china, FAW Group, general motors, jilin province
By PUMA Pundit on August 20, 2009
If the govt can’t administer this properly, what happens if it takes over managing our health care, the funeral industry will definitely see a spike in business…
Many dealers have said they are worried they won’t get repaid at all, while others have waited so long to get reimbursed they don’t have the cash to fund [...]
Posted in Economy | Tagged cash for clunkers, Greater New York Automobile Dealers Association, Mark Schienberg, new york
By PUMA Pundit on August 6, 2009
As we all know, the reason the whole financial meltdown took place is because government intervened in the workings of the market, it seems the side-effects of this intervention shall remain in place for much longer; by 2011 over 50% of US Mortgages shall be more than the value of the home that is mortgaged [...]
Posted in Economy | Tagged Arizona, California, deutsche bank, fannie mae, florida, freddie mac, home prices, illinois, karen weaver, las vegas, Massachusetts, michigan, mortgage, national association of realtors, nevada, ohio, west virginia, wisconsin, ying shen
By PUMA Pundit on July 22, 2009
Oh no, say it ain’t so… I thought Obama had the magic cure for all ailments real and imagined?
General Motors posted Wednesday a 22 percent global sales drop from a year earlier for the first six months of 2009 amid the economic slowdown and the automaker’s slide into bankruptcy.
While this won’t destroy his presidency, it [...]
Posted in Economy | Tagged barack obama, general motors, gm, gm bankruptcy, government motors
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