Unemployment Soars, but Remedies Fall Behind ; with the Stimulus Less Than Effective so Far, Political Leaders Need to Rethink the Economy.

Summary

---

Politicians who are worried about their re-election prospects in 2010 are reported to be greatly concerned that the increase in unemployment to 10.2 percent last month - the highest rate since 1983 - imperils their jobs.

Whether or not that's true - and much depends on how the economy will perform in the year that will elapse between now and Nov. 2, 2010 - they ought to be more worried that 15.7 million Americans have already lost theirs. Things don't appear to be ready to improve for the American worker anytime soon.

See the full content of this document

Extract

---

Unemployment Soars, but Remedies Fall Behind ; with the Stimulus Less Than Effective so Far, Political Leaders Need to Rethink the Economy.

One difference between this recession and the one in 1983 is that the joblessness then was concentrat...

See the full content of this document

---