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Warning! Warning! Wil Robison there is real danger ahead!!!!
"Well, our collective debt is starting to catch up with us. There is a sea of red ink on every level of American society. It is only a matter of time before it destroys our economy.
If you think that things are bad now, just wait. Things are going to get a whole lot worse. A horrific economic collapse is coming, and it is going to be very, very painful."
"Gross domestic product, the broadest measure of the economy, has recovered 84% of the output that was lost during the recession, but the labor market has recouped only 11% of the jobs that were lost."
It's not a recovery per se if it hasn't hit bottom. Armageddon!
The reason jobs haven't recovered is this. Most of the jobs "created" during the boom years were pure fluff, and serve no purpose. This is the real state of things, the new status quo. We haven't really hit bottom yet until the underemployment/unemployment rate peaks. The GDP might be rising, but that's just losing the dead weight.
Mnay oif the jobs like in tehe 70's recession will not be coming back and onhly took a recession to finally put a slow death end to them.Its alot of what has happened to things people bought they really didn't need in the past,most have cut way down;job or no job.
It's not a recovery per se if it hasn't hit bottom. Armageddon!
The reason jobs haven't recovered is this. Most of the jobs "created" during the boom years were pure fluff, and serve no purpose. This is the real state of things, the new status quo. We haven't really hit bottom yet until the underemployment/unemployment rate peaks. The GDP might be rising, but that's just losing the dead weight.
This country needs to create productive WORK—jobs will follow! Shallow, body-filling, job creation is causing Gov’t deficits & illusionary prosperity.
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