This is a great Article that will give you some insight on how the American people feel about the Obama’s Cash for Clunkers program! Read more
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Daily Archives: August 10, 2009
Small Oregon dairy families are watching their life savings disappear
Jack Gourley can remember another, easier time, before a wrenching recession stripped him and countless others of their financial security.
A time when people wanted his milk, when international demand for dairy products soared and people spent their paychecks on meals out — buying the cheeseburgers and pizzas that keep dairy farms like this one in business.
In 2007 and early 2008, many dairy farmers were riding a wave of high bulk-milk prices.
But the sense of security turned to dust as the market dried up. The economy crashed, U.S. milk production began to outpace consumption, bulk milk prices plunged to levels they were at 18 years earlier, and farmers were left with too many cows and too much milk. A spike in the price of fuel and feed only compounded the problem.
Now, many farmers aren’t even making what it costs them to produce the milk they sell. Read More
Have no worry, Obama can turn a speech into milk and honey! These farmers are going to have a rough time ahead, their cattle feed (corn) being turn into fuel createing a shortage, and if they have to provide health care insurance for their farm hands along with the last Democrats fed wage increase, how will they stay in business?
Manufacturer is cutting the pay of every employee
The company, which traces its roots to 1902, moved to North Idaho from California four years ago, in part to cut business expenses. Opening in Post Falls with 225 employees,
That was in 2005, when the unemployment rate in Idaho was at a historic low of less than 4 percent – less than half its current rate.
The Post Falls-based knife manufacturer is cutting the pay of every employee by 10 percent in response to the slow economy. The decision affects about 200 employees.The pay cut follows a round of layoffs last year when the company shed 23 jobs. Read More
I was thinking that maybe these workers that are getting their pay cut, and those that are losing jobs by the thousands didn’t go out and put themselves into debt buying a new car on the Cash for clunker Obama program. Its not wise to go into debt for a new car when you don’t know if you will have a job tomorrow is it!
