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Wednesday, January 25, 2012

Forget about Economic Recovery: Obama Is Toast

People are hurting, and badly. The official unemployment rate may have fallen, slightly, but the real unemployment rate — the number of working-age Americans who aren’t working — rose from about 12% before the 2008 crisis, to about 23%, and hasn’t come down. That includes people who have retired early because they can’t find work, spouses who used to earn a second income but have gone back to homemaking because work isn’t available, self-employed people whose businesses have collapsed, young people who live in their parents’ basement because they can’t afford tuition and can’t find work.

3 comments:

Evi L. Bloggerlady said...

If the perception in October/November is things are getting better, Obama will likely get reelected. If the perception is things are stagnant or getting worse then he probably will not be reelected.

Tom@IT Services said...

i like seeing stuff like this, proof that our country hasn't been going anywhere but down the last couple of years. Great.

Slavistix Translation Services said...

Obama is done, finito, the end..the country is going nowhere, and the people are feeling it. Everyone expected a change, because we can, but those were just words, nothing really happened. Next please.