[endthematrix]

"While it is true that some people suffer through some pain and hardship for intermediate lengths of time, the new allocation of labor and capital produce better outcomes through time "

Not to confuse your economist frame of thinking, I'll add some applicable wisdom. "When your neighbor is out of work, it's a recession. When YOU are out of work, then it's a depression!" - From dear old dad, born 1926 and seen it all.

[LowCountryJoe]

That's anecdotal! And anecdotal doesn't spell an unemployment rate of less than 5%. Nice try, though, but emotional rhetoric and sloganism seldom passes the whiff test.