Dayton conspires to make shutdown painful

Shutdown was planned well in advance!

Early in the process when it was becoming clearer that the shutdown was going to happen there was discussion between the governors office and the coalition group ( a group made up of a wide variety of unions including AFSCME, MAPE ,Teamsters, and others who discussed on how broad the shutdown should be. All parties agreed that for the shutdown to be most effective, that the public had to feel the pain and realize what state workers do for this State. The best way for this to happen would be a real shutdown involving many state workers, in lieu of a partial shutdown.

This should be front page news. Dayton uses Minnesotans as political pawns.

True signs of the continuing Great Obama Recession

Traveling on I-35 the billboards tell the story.
Sure there are a few billboard ads, but there are more empty boards or ones saying billboard space available.

The Obama Depression (part 4)

The US workforce has shrunk by a 1m over the past two months as discouraged jobless give up the hunt.

The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 after the Fed confessed that the US economy may not recover for five or six years. Far from winding down emergency stimulus, the bank may need a fresh blast of bond purchases or quantitative easing.

The Fed thinks this depression will last until 2016. Ouch!

Double-dip Depression?

Lower prices could mean deflation and double-dip

Lumber prices are sinking. And while that might make a trip to Home Depot cheaper, it's also a sign that the global economic recovery and the U.S. housing rebound are in danger of stalling.

Only a few months ago, inflation was the main worry of many economists. But falling prices for the raw materials of many industries, including lumber, have set off deflation warning bells for some economists, who worry that they could signal another global economic downturn.

Prices for framing lumber have tumbled 21% from their peak only five weeks ago, according to figures from the National Association of Home Builders. Prices are also falling for a wide variety of other industrial materials in recent weeks.

While consumers love falling prices, deflation can cause far more damage to growth than inflation can. Lower prices cause businesses to cut back production, which can lead to layoffs, which can then cause further declines in demand due to falling incomes and consumer spending, creating a downward spiral.

If prices continue to fall, it could cause some producers to cut back production or go out of business because they can no longer cover their manufacturing costs, according to Eric Schooler, CEO of The Collins Companies, a Portland, Ore.,-based lumber producer.

Please don't tell me "the worst economic crisis since the Great Depression" can't get worse.

Had enough HOPE and CHANGE yet?

The Obama Depression continues.

Stock market tumbles hundreds of points.

Greece in economic collapse.

Double digit unemployment.

“We can see that the difficult and at times unpopular steps we've taken over the last year are making a difference,” said Obama, who spoke from the Rose Garden and was flanked by members of his economic team.

The unemployment rate rose from 9.7 to 9.9 percent.

Unemployment in March was worse than expected

It's the economy, stupid.

We are stuck in the Obama malaise depression.

Yet Obama is out their campaigning for ObamaNationCare that he already signed into LAW!!!

Obama's stimulus made the economy worse. The administration said unemployment would go as high as 8.9% without the stimulus plan. D'oh!

3,000,000 private sector jobs have been lost since the stimulus and just over 100,000 government jobs created.

Breaking news... Obama to campaign next week in Minnesota on the issue that murdering people is against the law...