Share your views on hot topics
The economy lost over half a million jobs in December and shed the greatest number of workers in 2008 since the end of World War II. The grim news didn’t stop there: the unemployment rate jumped to 7.2 percent, the highest in 16 years. Many analysts say it will only get worse before it gets better.
“The job situation is ugly and is going to get uglier. There’s no reason to expect hiring anytime in the next three to six months,” said Richard Yamarone, chief economist at Argus Research in New York. Tempus Consulting’s Matt Esteve agrees. “No matter how you look at it, those are dismal numbers,” he said.
How does all this make you feel about the nation’s economy and your own personal job and financial situation? More importantly, how is the economic environment making you change your behavior?
On the wider stage, do you think the dire unemployment picture will be President George W. Bush’s legacy and will it get better under President-elect Barack Obama?
Presidential candidate Barack Obama spoke at the “Victory Column” in Berlin’s Tiergarten park in front of thousands of Germans and tourists in his only formal address during his week-long foreign tour. He called on Europe to stand by the United States in bringing stability to Afghanistan and confronting other threats from climate change to nuclear proliferation.
Relations between the United States and Germany reached a post-war low under former Chancellor Gerhard Schroeder, who strongly opposed the U.S. invasion of Iraq. He said Germany would “not click its heels” and follow President Bush into war — a position that tapped into wells of German pacifism but infuriated Bush. But Chancellor Angela Merkel, who grew up behind the Wall in the communist East, has worked hard to repair ties with the U.S. and has emerged as one of Bush’s closest allies in Europe.