Thursday, July 15, 2010
Sorry about all the bad news...If you want good news (lies) put on Fox or MSNBC...
The U.S. Economy Is A Dead Horse And The American People Are Starting To Get Really Pissed Off And Frustrated
For most Americans, all we have ever known is tremendous prosperity. All our lives we have been taught that America is the richest and most prosperous nation on the planet, and that while there will always be times of "recession", things will always bounce back and be better than ever before.
But this time things aren't bouncing back.
And Americans are starting to become extremely frustrated.
A couple of quotes that appeared in a recent article in The New York Daily News really embodied the growing frustration that so many are feeling at this point....
"My husband and I are fortunate to be able to move in with my 81-year-old mother-in-law. But how sad is that? I apply for jobs and nothing happens," writes Gayle Hanson. "Who wants to hire a 59-year-old woman? My answer is nobody. [I] have years of experience, excellent references. And nothing to show for it."
"I am soon to be 57 and considered too old, too expensive, etc. I can't get an employer to hire me at any salary," writes Mike Stiller. "I am BOILING MAD."
But Gayle Hanson and Mike Stiller are far from alone.
Millions upon millions of Americans are "boiling mad" about the economy at this point.
The truth is that the United States has lost 10.5 million jobs since 2007. Many of those jobs have been shipped off to countries like China and India where labor is much cheaper and they are never coming back.
There just are not enough jobs for everyone in America at this point. The number of "chronically unemployed" has been rising at a frightening pace. In fact, the average duration of unemployment in the United States has risen to an all-time high.
If you have never been unemployed and unable to find a job, then you just don't know how soul crushing it can be. This is especially true when you have a family to support.
Right now, there are 9.2 million Americans that are unemployed but are not even receiving an unemployment insurance check. It is easy to tell those unemployed workers that they should "get a job", but as the chart below shows, the gap between the number of unemployed workers and the number of job openings has increased dramatically over the last couple of years....