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Reply #12: You don't have the option of 6 to 8 years. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

fasttense

(1000+ posts) Send PM | Profile | Ignore

Fri Apr-16-10 07:33 AM
Response to Original message

12. You don't have the option of 6 to 8 years.

It took about 10 years to get out of the 1st RepubliCON Great Depression. It will take just as long to get out of this one.

Everyone knows that the 9 to 10% they are reporting is severely underestimating the true unemployment levels. When 6 people are applying to every job opening that means 5 people will remain unemployed.

There is no way for this US economy to generate new jobs (we need at a minimum of 11 million right now). The whole system is broken. Jobs are moving out of the US and they will stay there. Corporations are downsizing and under paying. There is no magical job machine that will restore this economy.

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