Economy on the brink, without a safety net

[marmar]

WASHINGTON (MarketWatch) — The latest data show the U.S. economy is still growing, but not nearly fast enough to solve our biggest problem: lack of jobs.

Reports released on Wednesday show that the services side of the U.S. economy is slowing down, with new orders and employment barely increasing at all. Read our story on the decline in the ISM services index.

Another report showed U.S. companies were still hiring in July, but the pace was only about half as strong as it was earlier in the year. At the same time, a few major corporations have resumed mass-scale layoffs in an effort to keep costs as low as possible. Read our story on the tepid pace of hiring in the private sector.

None of Wednesday’s reports were devastating, but none of them provided much evidence that the swoon is ending. .........(more)

The complete piece is at: http://www.marketwatch.com/story/economy-on-the-brink-without-a-safety-net-2011-08-03?link=MW_home_latest_news

[katnapped]

1. Time for more tax cuts!

Everyone knows that's how you get hiring going!!!!!!!!!

[Newest Reality]

2. We have,

at the very least, two different worlds going on here.

The questions relate to how we discern our place and identity in what is promoted. Recovery for whom? Growth for whom?

If we identify with the business/corporate side of the current propaganda, we might be failing to see that they are generally behaving in ways that have no concern for our best interests or long-term survival.

It may well be that many of us will wake-up from the collective bubble that creates a losing situation for the majority of us and then, capitalizes on the losses. It is certainly time to wake-up from what was just a dream and that is now rapidly shifting into a nightmare from the Twilight Zone.

When we stop to question just what our investment is in the outcome and what the returns on our efforts might be, that is when we find the bifurcation point where waking-up and redirecting our values, energy and lifestyle and efforts becomes more obvious.