"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." -- Theodore Roosevelt


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Monday, October 25, 2010

Amazing: 60 Minutes Reports Unemployed and Underemployed at 17.5%

CBS' "60 Minutes" reported the stark figure that the national rate of unemployment/underemployment is currently 17.5%. Even worse California's percentage is reported at 22%. All this reported a week before the election.

Via Larry O'Connor at BigGovernment.com (video report there):

"To put a face on the realities of the underemployed in America under Obamanomincs, reporter Scott Pelley spoke with a fiber-optics engineering manager who has been looking for work for over a year. He just took a job working at a Target. 20% of the unemployed in America have college degrees.

"According to the report, 1/3 of the unemployed have been out of work for over a year. This hasn’t happened since the Great Depression."

Is there really such a thing as a "jobless recovery," or is that just part of a prolonged problem?

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