Isn’t this all a bit overblown?
The unemployment rate is 10%, not 17%. Most people are still working. This is NOT the Great Depression.
Time to get a grip.
Check the U-6 rate for October 2009 - this is the true unemployment rate - not the one ballyhooed by the MSM
http://www.bls.gov/news.release/empsit.t12.htm
My husband lost his job last January making it almost 2 years now. Extended unemployment benefits weren’t available then. Many of my neighbors are still unemployed.
10% is what the Government is telling you ? Do you really believe them?
I mean they are now telling you they have saved or created 1 million jobs. Not in my town.
I hope so, but I fear it is not. The financial sector is a disaster. The only reason it is making any money, is the fed is loaning banks money at 0% so they can loan it to the government at 3%. It looks like they have incased the toxic assets in some sort of Chernobyl style sarcophagus and are ignoring them.
Funny you picked the number 17%, New York Times today has an article saying actual unemployment rate is 17%