American Morning
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April 14th, 2009
08:28 AM ET
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Welcome to the American Morning blog where you can get daily news updates from American Morning's reporters and producers. Join us for "the most news in the morning," weekdays from 6-9 a.m. ET, only on CNN.
The economy will take a slow turnaround and even slower, as long as employers of this country continue to hire Illegals and drive the wage to the "gutter". In addition, this needs to be put under control and the Pelosi "wolves" trying to give Amnesty to all existing Illegals in America, will only make employment more difficult for American citizens. Wake up America – it is time to fight for your rights!!!
Im from Detroit,MI i just move to Stockbridge,Ga. I work in construction. Since i move down here every job i go to it is so many Mexicans working. These companys have these Mexicans working and dont pay unemployment in on them so they lay the americans off and keep the Mexicans working. We pay taxes and we families that we need to feed and bills to pay. Most of them is here illeagal. I dont understand. I just got layed off and other americans to but they kept the Mexicans working.
If I made 50K a year and had 20k in debt (not including mortgage) but had 40k in expenses every year that leaves me 10k to spend to help pay down debt and pay of the unforseen issues in life. It would take years to pay off this debt but I would not just be paying off the 20k, I would be paying off that 20k+ compounding interest. Same with your home, if you bought a 200k home, in 30 years you very well may pay over 400k in principle and interest. what could you do with an extra 20k, 200k in your pocket? This is the issue with the gov, instead of controling their spending, they are borrowing money which will in turn be paid back and the interest that will be owed will be a huge burden on your kids and grandkids. Stop the spending now so they can live a better life and have the same opportunity you have.
Christine is incorrec t when she says Retail Sales are down 8.8% this year – they are in fact up .3%
Christine,
I just heard the report on the downward trend in wholesale goods and while I agree with what was stated, isn't it also true that the lower figure indicates no real need for concern about inflation at this tim?
Many nay sayers say the stimulus plan will result in runaway inflation, and since they cannot see the future 5 years down the road any better than I can, it should be pointed out that at this time that does not appear to be a concern.