Ultimately, we need to seek God when times like this occur to get some of His wisdom into this mess and really at all times. We should be thanking Him for the good times and bad times and asking Him what it is we should be learning form this. It seems as though man's wisdom is failing miserably and if we don't seek it above we may just be in for a very unpleasant ride. But who knows but that God is calling many to seek wisdom in Him. See: When unemployment was high and a civil war was about to break what did the President of the US recommend in 1860? and Cartoons and charts exposing economic consequences for America's straying from our "In God we trust" roots

Related: Newly released stats by Bureau of Labor Statistics show that Job Creation not Job losses are driving unemployment revealing why the stimulus package is not working as the Obama administration claimed it would.

From The Washington Post...

U.S. now beating European unemployment rates - "According to the European Union, the unemployment rate in the 16-nation Euro area in September (the most recent month available) was 9.7 percent."

Spain is the highest and take note:

"The lesson here is the failure -- once again -- of socialism. Spain's socialist government has extended jobless benefits and engaged in massive stimulus spending (sound familiar?) worth about 2.3 percent of GDP.

More importantly, the socialist government refused to cut what are called "firing costs:" how much it costs in severance to lay off an employee. By law, a fired contract employee must receive 20 days' pay per year worked. But because the unions are so strong and threaten to strike at the drop of a hat, many companies pay much more severance than that.

It's a catch-22: Struggling companies need to lay off workers to reduce costs, but the cost of laying off workers is so high, there are no cost savings."

Sounds like this would save jobs right. Not if the company goes under. Think of GM and Chrysler and if you think a bailout does any better think again. See 

"The French unemployment rate is 10 percent. The under-25 unemployment rate is 24.5 percent, among the highest in Europe.

The French are famous for their liberal unemployment benefits. According to London's Mail newspaper, "Unemployment benefits in France equal 57 per cent to 75 per cent of a jobseeker's last salary, capped at 6,366.80 [euros] a month. Benefits can last for as long as three years, and sometimes longer for people nearing retirement."

I'll do the conversion for you: 6,366.80 euros equals $9,548.70. That's per month.

The Mail was occasioned to write the story in February because French financial professionals living in London were fleeing the collapsing banking houses so they could go back to France and collect fat unemployment checks.

Of course, many economists note that such extensive unemployment benefits are a disincentive for looking for work. Actually, you don't need an economist to tell you that. It's common sense."

See related video's below from politician in the UK.





This one has gotten over 2.5 million hits since March 09. In which Daniel makes a prediction that the voters will soon have their say in the upcoming elections and the voters proved Mr Hannan to be correct. See First Canada, then UK and EU, then Japan and now Germany's recent elections give another all time worst blow to liberal politicians and UK's labour party takes the worst showing since 1918 as conservatives gain ground. YouTube video of Daniel Hannan MEP for one reason why.