NOTE THAT PEOPLE ARE DROPPING OUT OF THE WORK FORCE IN RECORD NUMBERS...
AND THAT DID NOT HAPPEN IN THE 1930'S NUMBERS...
SO THE 25% UNEMPLOYMENT NUMBER IN THE PRIOR GREAT DEPRESSION WILL LIKELY NEVER BE REACHED TODAY...
WHY?
TODAY SOCIAL SECURITY AND THE REMAINS OF STATE AND FEDERAL WELFARE PROGRAMS...LIKE FOOD STAMPS AND MEDICAID TEMPT PEOPLE TO DROP OUT OF THE WORK FORCE...
IF FOR NO OTHER REASON THAN TO QUALIFY FOR MEDICAID, FOOD STAMPS AND SECTION 8 RENT VOUCHERS...
SO THE 25% "GREAT DEPRESSION" JOBLESS RATE YOU ALWAYS HEAR ABOUT...
AND WHICH THE TOUTS CONSTANTLY BRING UP TO "PROVE" THAT WE ARE NOT IN ANOTHER GREAT DEPRESSION?
...IS REALLY AN APPLES AND ORANGES COMPARISON...
IN MY OPINION...WE ARE ALREADY AT 25% UNEMPLOYMENT...
A LOT OF PEOPLE ARE FINDING WAYS TO LIVE OUTSIDE OF THE WAGE ECONOMY...ON CREDIT CARDS FOR EXAMPLE OR REAL ESTATE "EQUITY!"
BECAUSE ALMOST EVERYONE KNOWS THAT "REAL JOBS" ARE NOT AVAILABLE...
FURTHER THE LOW WAGE JOBS WHICH ARE GROWING ARE ALL IN THE "ILLEGAL" SECTOR...WHAT LITTLE CONSTRUCTION THAT IS BEING DONE IS DONE BY ILLEGAL MEXICANS...!
IT WILL BE INTERESTING TO WATCH OBAMA'S 1930'S STYLE "NEW NEW DEAL" INFRASTRUCTURE PROGRAMS IE "SHOVEL JOBS" FILL UP WITH MIDDLE AGED, MIDDLE MANAGEMENT WHITE GUYS...!!
REFUGEES FROM THE FINANCIAL SERVICES AND MANUFACTURING SECTORS! NOW DEFUNCT...!!
THAT JUST AIN'T GONNA HAPPEN...!!
RIGHT NOW ALL WE ARE REALLY LIVING ON IS BULLSHIT...!
