People in California have seen 14% drop in earning due to furloughs
200,000 workers in CA wages have been cut to minimum wage
Illinois has 12 Billion budget deficit
1 million americans have dropped out the job market
%0 interest rates, fiscal stimulus have pushed budget defitis >10% of GDP
8 million jobs have been lost in the economy
Growth under Oboma (which is about to end) stimulus has been 2.7%
Previous recessions has been 5.1%, 9.3%, 8.1% and 8.5%
Housing sales are dropping like a rock due government stimulus ending
Indicators in Europe are projecting double-dip recession
Comment