[quote=flu]I think the most disturbing thing was in the IBD article…
[quote]
….unemployment remains, at 9.1%, unacceptably high. It seems that the high jobless numbers catch the administration by surprise each month.
But they shouldn’t.
History is a guide. Spain’s green economy program destroyed 2.2 jobs for every green job it created.
Meanwhile, the Italians put into a single green job the same amount of capital needed to create almost five jobs in the general economy.
A green economy, it seems, is scarcely better than a red one.
[/quote][/quote]
flu,
The unemployment is even worse than that. Check out this from the AP: “Combined, the 14 million officially unemployed; the ‘underemployed’ part-timers who want full-time work; and ‘discouraged’ people who have stopped looking make up 16.2 percent of working-age Americans.
America’s 14 million unemployed aren’t competing just with each other. They must also contend with 8.8 million other people not counted as unemployed — part-timers who want full-time work.” http://www.rep-am.com/news/national/doc4e64352ad91ab970797856.txt
