Real Clear Politics:
"The problem is at the consumer level, confidence is low and that is because, as you showed, showed we had underemployment with one out of every six Americans. The worst element of that is that among the unemployed, against the American history, more than approaching half, have [been] unemployed for over six months. That is historically unprecedented in the United States. That is a phenomenon that is seen often in Europe, rarely seen here. In 2007 the average time to get a new job was five weeks. It's now near six months. And that implies a whole segment of the population, the more elderly or the middle-aged who may never get employed again," Charles Krauthammer said on FOX News this evening.
I met a guy at Pricemart in Costa Rica who said he moved here because there was no work in San Diego.
ReplyDeletewell of course not, all the illegals are taking less wages, so they have jobs, while obama flies 5000 people and 40 air planes and a host of ships at a cost of $200,000,000.00 so he can profile and meet with with Indian officials....yet we should cut back, ...when are we going to demand he be removed from office ?
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteScrotum tightening MR.
ReplyDeleteUnless something IS done, to have 'progress' in jobs, we'll have to move to Shenzhen and make Ipods 60 hours a week, living in 'dorms' under suicide watch, and work for their wages.
Free Trade?
It's not just the loss of the jobs machine that was american production, it is all the support mechanisms, and profit from