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Over the last 3 weeks our so America has been headed toward a quote on quote recession. An urgent signal the country may be careening toward a deep and painful recession just as Americans prepare to elect a new president. On Wall Street, the Dow Jones industrials slid 157.47 points after relief over the bailout plan's passage gave way to worries about the economy. Congress recently accepted a proposal by President Bush’s sectary of the treasury plan of 700 billion Dollar bailout. Many Americans felt that the bail out would only address and protect the fat cats down on wall street. After a few minor adjustments the bill was passed by the president but some say that the bill was to late which is apparently evident in the stoke market. Experts say it will likely take more than a month for the 700 billion to be an factor. Last Friday Oct 3, 2008 The Labor Department's reported that the nation's unemployment rate was 6.1 percent, up sharply from 4.7 percent a year ago. Over the last year, the number of unemployed people has risen by 2.2 million to 9.5 million. This has been happening over the last five years more people are getting pink slips at there jobs. chopping payrolls by 159,000 — more than double the cuts made just one month before. It was the ninth straight month of job losses. A staggering 760,000 jobs have disappeared so far this year. With the nations economy in such turmoil. Joel Naroff, President of Naroff Economic Advisors said “We are likely to see more months of job losses before conditions turn around.” Important fact The unemployment rate for blacks shot up to 11.4 percent, the highest since late 2003. Manufacturers (especially auto makers), home builder ...