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Double Digit Unemployment Here to Stay?

 
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melonrightcoast



Joined: 22 Feb 2009
Posts: 236
Location: metrowest

PostPosted: Sat Sep 12, 2009 12:58 am GMT    Post subject: Double Digit Unemployment Here to Stay? Reply with quote

Here's an article for Boston Iter:

http://news.yahoo.com/s/time/20090911/us_time/08599192143900

My favorite quote is:

"In the 1930s, you could throw 10,000 people with shovels at dam or road projects. Today the work of 10,000 shovels is done by a few machines - and it was a lot easier to persuade farmers to switch to ditchdigging than it would be to get laid-off hedge-fund traders to switch to sewer repair, appealing as such an idea might be."
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balor123



Joined: 08 Mar 2008
Posts: 1204

PostPosted: Sat Sep 12, 2009 2:57 am GMT    Post subject: Reply with quote

"an inevitable "What next?" after health care"

um remember that whole financial meltdown in 2008 that you never addressed?
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melonrightcoast



Joined: 22 Feb 2009
Posts: 236
Location: metrowest

PostPosted: Sat Sep 12, 2009 3:16 am GMT    Post subject: Reply with quote

keep quiet about that balor, the Dow's almost at 10,000 again so everything must be all good. Rolling Eyes
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