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June 06, 2011

Depression 2.0 : Chronic Unemployment Worse Than The Great Depression

This is really horrible. The media left is often forced to dismiss the millions of long-time unemployed, as they represent a political problem for Obama, treating them as if they don't matter, no big deal.

That jackass "Ali" basically took that position in telling Jim Geraghty his silly unemployment stats were meaningless.

No dice. This is bad.

About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months - a higher percentage than during the Great Depression.

The bigger the gap on someone's resume, the more questions employers have.

"(Employers) think: 'Oh, well, there must be something really wrong with them because they haven't gotten a job in 6 months, a year, 2 years.' But that's not necessarily the case," said Marjorie Gardner-Cruse with the Hollywood Worksource Center.

The problem of course is the economy, but some industries, especially certain manufacturing jobs, are not ever expected to come back. Experts say unemployed workers need to be prepared to change careers.

He was told his "Stimulus" was non-stimulative. He didn't care. He used it as an opportunity to just throw money to favored Representatives' districts and generally bloat government spending. Not even caring he was tossing away a trillion dollars on bike paths and bee mating rituals.

Miserable Lines: This depression may be deeper than a normal recession, but, on the other hand, it's also far longer.



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posted by Ace at 09:00 AM

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