Tuesday, Oct 06, 2009

Can you hear me gordon? or do we need jamie oliver to tell you?

Cnn: Take this jobless recovery and shove it!

Economists argue that job growth always lags following a recession. But this time may be different. It's hard to have a recovery with unemployment near 10%

Posted by mark @ 06:49 PM (1027 views)
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1. drewster said...

Unemployment in the UK hasn't gone up as much as in the USA; also we have a stronger welfare safety net than they do, so the effect isn't as bad. Headlines like this from the USA probably make Gordon smile because he can point across the pond and tell us how lucky we are compared to them.

Tuesday, October 6, 2009 07:10PM Report Comment

2. mark said...

more foreclosures over in USA will have an effect on UK banks, they still have hidden cr*p in their systems

Tuesday, October 6, 2009 07:40PM Report Comment

3. dbc reed said...

I thought Helicopter Ben Benanke believed that if the worst came to the worst,they'd have ,in the USA ,to throw money out of helicopters to reach ordinary people.Giving the banks money to lend does n't seem to have worked so its either load up the whirlybirds or spend new money directly into circulation by public infrastructure works.

Tuesday, October 6, 2009 08:08PM Report Comment

4. alan said...

I thought Alan Sugar was supposed to get the nation working again, along with that other business guru...er Mandelson.

Just in case the political knocks are getting one sided, the Conservatives are going to encourage job growth...cutting benefits and delaying pensions till we are 66!

All Dave then needs to do is abolish the minimum wage and we can all be wage slaves paying off negative equity on ever higher margins to the banks.

Tuesday, October 6, 2009 08:26PM Report Comment

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