Jobless worse off now than in 1982 | The Columbus Dispatch

It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.

[really]

Wait. Didn't we read in this newspaper and other media outlets that the recession is over? Make up your minds, lefty lib journos. More evidence that you can't cover for Barry forever.

[Leftist Loon]

The stimulus is working

[Dead Parrot]

Job growth is a lagging indicator of a recovery - usually coming a year after the economy recovers. The problem right now is that those who are working are having to be more productive and still they are not at 100% capacity, it will unfortunately only be when teh existing job force is 100% utilized to capacity will new jobs be born....

[DLL]

Don't come to Michigan. We hit the highest number of unemployment and will not see any improvements for a long time.

[Obumble]

Moving America backward through time at twice the speed of light....powered by windmills.

[Downhill from here]

From the article: "Americans have more than triple the debt they had in 1982 and less than half the savings."

And this friends is why we are not going to get out of this any time soon. Consumers represent 70% of the economy and they are tapped out. So, we wait it out, until conumers either pay off their debt or they default in which case the banks will eat it and we will see more failures and crises.

Who's fault is it that American's have triple the debt and half the savings? And, did you know that the federal debt in 1982 was only 1.142 trillion? Today it's almost 12 trillion.

In the meantime, because our leaders must try to fix everything, we'll probably have Stimulus 2, then tax cuts when that doesn't work. How long it all goes on will depend on how long the world wants to buy our treasuries.

[Angry Young American]

Don't worry folks, our government has plenty of beautiful national parks and forests it can give to the Chinese in exchange for forgiving its debt.

[bishop]

DLL wrote:

Don't come to Michigan..

Don't worry!!!