Obama is admitting that looking for a job is hopeless in this economy. Make that HIS economy.
I don’t understand why they don’t give the money to businesses
to hire people? Could also be done indirectly via employment
agencies, for folks hired as temps. The unemployment dollars could be used to subsidize the cost of hiring.
Today I was reading some article from the Financial Times of London that called it “the Recession of 2007.” I’d never heard that phrase before. They claimed that the traditional indicators of economic slowdown started then. Has anybody else seen that sort of data?