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Economy - Economics USA
1 Comments in Response to Expect Seven Years of Subpar Growth and High Unemployment
Right of the bat, I have a problem with this: "The Federal Reserve this week projected that the national unemployment rate, currently at a 26-year high of 9.5 percent, will pass 10 percent by the end of the year."
First and foremost, WTF is the Federal Reserve doing projecting/forecasting unemployment trends? If that weren't enough, they're dead wrong: if you add lies, incompetence, bureacracy and the people who are either no longer collecting unemployment but still unemployed plus those who are underemployed, the figure should be more like 20% right now, not a year or seven down the right but at this moment. As for the rest, well, it's all hogwash!