ROBERT REICH:
It's a DepressionAND WHAT DOES ROBERT REICH WANT AMERICA TO DO ABOUT IT?
The March employment numbers, out this morning, are bleak: 8.5 percent of Americans officially unemployed, 663,000 more jobs lost. But if you include people who are out of work and have given up trying to find a job, the real unemployment rate is 9 percent. And if you include people working part time who'd rather be working full time, it's now up to 15.6 percent. One in every six workers in America is now either unemployed or underemployed.
BE MORE SOCIALISTIC LIKE THE EU.
BUT WHAT HAS BEEN THE EU'S UNEMPLOYMENT AVERAGE FOR THE LAST FIVE YEARS?
JUST WHAT WE ARE EXPERIENCING NOW:
The Eurozone (EA16) unemployment figure for January 2009 was 8.2% compared to 7.3% in January 2008.[4]
The unemployment rate (EU25) had already declined in prior years from 8.9% in March 2005 to 8.4% in March 2006.[5] ...
By comparison in March 2008 the United States had an unemployment rate of 5.1% (2007: 4.4; 2006: 4.7; 2005: 5.1) and Japan a rate of 3.9% (2007: 4.0; 2006: 4.1; 2005: 4.5) measured by Eurostat.[3][5]
DURING THE BUSH YEARS, AMERICA'S UNEMPLOYMENT RATE WAS MUCH LOWER THAN EUROPE'S -
- BECAUSE OUR ECONOMIC SYSTEM IS BETTER THAN EUROPE'S;
- IT'S IDIOTIC FOR LEFTIST SCUM LIKE REICH AND OBAMA TO WANT TO MAKE OUR SYSTEM MORE LIKE THEIRS.
DON'T BE DUPED!
ROUND UP ON REICH HERE.
MORE CRITICISM OF REICH BY SANTELLI HERE.
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