Unemployment

It is beginning to be clear that this economic recession is ending for the greedy bankers on Wall Street. Recovery is well under way, the good times and the obscene bonuses can start back up.

It is equally clear that unemployment is going to continue rising for many months, maybe many years. It may be a long, long time before the good jobs start coming back.

You will have a hard time continuing to believe in the wonderful American Way if you have lost your job, your pension, you have lost your house to foreclosure, and then finally when it became clear that you could not support or protect your family, your marriage went belly up too.

Think about all the young people who just now should be entering the labor pool. Maybe they just graduated from High School or a Community College. Maybe they even got a four year university degree complete with massive student loans. If they cannot find decent work for several years after graduation, this will have a lifelong impact on them.

This entire problem was caused by greed. The greedy business people who shut factories and moved the good manufacturing jobs overseas to lower wage rates (and increase profits). They also did this in order to avoid having to obey pesky regulations like child labor laws, the minimum wage, workplace safety, and the environmental rules.

The legislators who let this happen without any sort of penalty are also at fault. All of the deregulation mania since the actor Ronald Rayguns was President also played a big part in setting the stage for the collapse of capitalism as we know it.

The smart government economists knew that this bursting of the bubble was coming, but they kept right on eliminating rules and regulations anyway, just to keep the rich getting even richer.










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