Millions Doomed, Wall Street Sees Silver Lining

There's a bright side to what's going on in America today, and we are damn lucky to have these bright folks on Wall Street working overtime with the government to help us solve our problems. If these people see light at the end of the tunnel you better help start digging or you're going to be left behind when we're all rich again.

First off, what is everybody worried about? For years there have been millions of people "out of work who have stopped looking for jobs." They're called BUMS. Stop worrying about this crap right now. You can see with the plan outlined below that things are well in hand.

The government is going to drive down interest rates so everybody will be able to borrow and spend like crazy. Even a day old moron could see that once everyone starts spending all this borrowed money that will help all these unemployed whiners because this will provide the "boost" to propel the economy back into the stratosphere. What our economy needs is for you to get off your ass and start borrowing and spending more, and the problem is everybody is scared and sitting on their hands. "Oh I might lose my job so I have to hold onto my money." This kind of worrywart thinking is what's burying this country alive in negativity. In my day when people didn't borrow and spend enough you shot a few of them and then the rest came around in a hurry.

Follow the plan. Borrow and spend. It's your duty. Look at how Wall Street reacted to this plan! You think these guys went to Harvard to get stupid?

There are now 14.8 million people officially unemployed in the United States, and even that figure doesn't capture the suffering. People who are out of work who have stopped looking for jobs are not counted as unemployed.

Adding those people plus others who are working part-time but would prefer full-time jobs, nearly 27 million are "underemployed" - 17.1% of American adults, up from 16.7% in August and close to a record.

The persistent jobs crisis makes it all but certain the Federal Reserve will act at its Nov. 1 and 2 meeting to try to rejuvenate the economy. The Fed will likely buy billions more in government debt to further drive down rates on mortgages, corporate loans and other debt. The idea is that even cheaper loans might get Americans to start spending and boost the economy.

That prospect lifted stocks on Wall Street. The Dow Jones Industrial Average closed above 11,000 for the first time since May.