From the wires:
“The jobs picture is much worse than they’re telling you. Forget the “official” unemployment rate of 9.5%. Alternative measures? Try this: Just 61% of the adult population, age 20 or over, has any kind of job right now. That’s the lowest since the early 1980s — when many women stayed at home through choice, driving the numbers down. Among men today, it’s 66.9%. Back in the ’50s, incidentally, that figure was around 85%, though allowances should be made for the higher number of elderly people alive today. And many of those still working right now can only find part-time work, so just 59% of men age 20 or over currently have a full-time job. This is bullish? (Today’s bonus question: If a laid-off contractor with two kids, a mortgage and a car loan is working three night shifts a week at his local gas station, how many iPads can he buy for Christmas?)”
I don’t post this to be a downer. No doom and gloom here. However, I am so frustrated that the so-called leaders are leading millions to a dead end. There is a way out, but we are not headed that way. For starters:
1. Stop spending the country’s credit card.
2. Start the rollback of government employment.
Will this make things better in the short term? Of course not. But if you have a fat kid you don’t give him more food. You make him run!