14.7 million people were unemployed in June

Our unemployment rate rose to a twenty-six year high in May. We are in a recession. Experts expect the unemployment rate to go well over 10 percent before it stables out. I don't think that even counts the millions of people that are self-employed that are making any money. The trades of our economy that were always in demand have fallen off as well. The plumber, the roofer, the yard guy, have all seen declines in their business. The amount of discretionary income in society has gone down drastically. People are mowing their own yards and fixing their own toilets. people do not have the money that they had even three to four years ago. A good friend has a business that caters to high end clients and he told me that in our town where we grew up that tens of millions had been taken out our town. I didn't even know that there was tens of millions in our town but I can assure that we couldn't afford to lose it. the stock market and unemployment are the first two glaring signals. I think that the next will be rising inflation. We are trying to spend our ways out of this recession. President Obama continues to print money like its worthless and soon it will be if we are not careful.