I think the present unemployment rate will be permanently higher, or at least higher for the foreseeable future" so says Mark Zandi chief economist and co founder of Moodys Economy.com Hello again friends, a lot of you may not be aware but the above headline is the proverbial 800 pound gorilla in the room that no one wants to talk about. While our state wide unemployment rate holds steady around 12+% the national average is now precariously close to 10% with no signs of abating. Wall Street's principal barometer (the dow) has returned to 10,000 for one day at least while the working people of this great country continue to suffer heavily with no end in sight. The corporate elites have discovered with all their massive recent layoffs they can maintain profitability and productivity with far less folks and have no desire to start rehiring. Those in the know understand this is not an aberration but the new reality, permanent national unemployment at or above 10% INDEFINITELY. Unless we demand more of our elected representatives and choose ones go forward who understand this quagmire, we have no way of undoing this, the evil corporate/ government synergistic cabal threatens us all. The principal question for each and every one of our representatives at the national, state and local level should be, is their paramount focus on the wants, needs and interests of the working people of this country if it is not kick then them to the street, it is now or never. Make yourself heard
Tuesday, October 20
HIGHER JOBLESS RATES COULD BECOME "NEW NORMAL"
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