Reply #3: I don't see how we can have a recovery... [View All]

...that is jobless.

If we continue to lose massive amounts of jobs every month, that will just further constrict spending.

People are saving more and spending less now, because they're afraid of losing employment. The jobless
certainly aren't spending. If we continue to add people to the jobless rolls--then spending will only
decrease--which feeds into more unemployment and business failures.

Also, the jobless statistics that were announced yesterday revealed that more people than ever--are
collecting unemployment benefits. While there have been higher percentages of people collecting
unemployment---it is significant that this number has increased to record levels. This demonstrates
that people are not finding jobs, once they lose one.

It is taking longer to become employed again--and that is devastating.

I think there's a disconnect. The media touts "recovery", but most of America is suffering. I fear that
the rich and the elites will recover--as Wall Street goes gangbusters, and they'll be too busy celebrating
their recovery to notice that the economic conditions for the lower 90 percent are worsening.