Hi guys,
When I was reading newspaper, I found this article very interesting Continuing Job Losses May Signal Broad Economic Shift and I decided to post it for you. It talks about how government assures that they will build our economy however, this isn’t coming very well.
“A lot of production either isn’t going to happen at all, or it’s going to happen somewhere other than the United States. There are going to be fewer stores, fewer factories, fewer financial services operations. Firms are making strategic decisions that they don’t want to be in their businesses.”
Companies go bankrupts, people lose jobs, and who is going to change that? Unemployment increases so badly that now everyone tries to catch any job he/she can get.
“We are now falling at a near record rate in the postwar period and there’s been no change in the violent downward trajectory.”
“Who’s going to put me to work?” he asked. “Where’s the work at? It’s just a great big black hole.”
Therefore, our car industry used the money that government gave, and now they ask for more because they will bankrupt and lay off many people. What will happen with our economy? We can just wait and pray that someone will come with very good idea.
