Thursday, September 2, 2010

No Jobs? What's the REAL problem?


Gerald F. Seib of The Wall Street Journal posts a very interesting proposition.
He summarizes that there are two facts that politicians cannot ignore today:
"Fact One: The unemployment rate is the most important of all leading political indicators.
Fact Two: If the August unemployment number to be announced Friday tops 9%—which seems highly likely—the jobless rate will have been above that level for 16 straight months. Already, the U.S. is mired in the longest such stretch of 9%-plus joblessness in more than a quarter of a century." -Gerald F. Seib, The Wall Street Journal
This may very well lead to the beginning of many debates to come of whether the democrats, or the Obama administration, is on the right path. There is no doubt that even though we can advocate protectionist programs for the environment as well as international policies, we must solve the problem on the home-front, unemployment, before we can get out of this recession.

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