The unemployment and under-employment rate:
…The jobless rate rose to 9.7 percent; the so- called underemployment rate — which includes part-time workers who’d prefer a full-time position and people who want work but have given up looking — reached a record 16.8 percent…
A friend of mine’s husband was just laid off this past Tuesday; another friend’s son was recently laid off. At my work, we’re all just wondering when the next axe will fall.
There is no recovery – and whatever “good” the Spendulus could do has been done and the renewed slide to the bottom will just accelerate from here. We need to change the way we do things – we need to start creating wealth. Until we do, we’ll just slide down to the bottom and then sputter there for until we get rid of these financial sharks and socialists who led us here.
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