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"an economic pearl harbor" this is how Warren Buffet, the most liked and one of the richest men on earth had described what is happening here. true. with almost 10% unemployment and around more than 5 million Americans lining up for unemployment benefits, that says it all. most manufacturing companies shipped their businesses out for cheap labor elsewhere causing massive unemployment, now the law makers are beginning to realize the adverse effects of the shipping out of jobs. tent cities are cropping out for some Americans who lost their homes bec. they lost their jobs for their employers want cheap labor that they can get outside the U.S. now you can hear politicians here blaming it to mortgage companies. really? let's do a very simple math here, where i excelled in school, laughs. no jobs=no money for mortgage, it's not the bank's fault who hold these mortgages...it's your fault bec. you...the politicians allowed or made it easier for these manufacturing jobs to get out of the country by giving the owners tax breaks as incentives and that i don't understand. you pay companies to have their businesses go out of the country out sourcing jobs? what is the reasoning behind that and that is not math anymore. so yes, i failed for i did not get it, the true logic of this. all things here being sold in the stores are made in China. i can't even get anything as a pasalubong to my friends and relatives, things that are made here except for perfumes and cosmetics. so the reason for this economic meltdown here is...greed of the rich...for more profit...the end.
and i thought it is holy week this week, but not yet, so here i am blogging again, but who cares, i know no one does, laughs. oh well.