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IPFS News Link • Economy - Economics USA

Fed Sees Heightened Joblessness Drawing Out Recovery

• Washington Post
A new forecast raised fresh doubts yesterday about how strong any economic recovery might be, as the Federal Reserve projected that the unemployment rate may surpass 10 percent by year's end and warned that the economy may not return to full health for at least five years.

3 Comments in Response to

Comment by Charzhome S.
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Why smear capitalism?

"Capitalism," in Ayn Rand's definition, "is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned."

Comment by Lola Flores
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If the Feds are saying 10% unemployment rate, between bureacracy, incompetence & lies, it's probably more like 20%.

Now, as for their warning...yeah...yaddah...yaddah...yaddah...what else is new?  Funny thou that, while the economy is tanking, people are losing jobs, their homes, have no health insurance &, overall, things get worse and worse for us working stiff, Chase, Goldman Sachs and the rest of the crooks are posting the largest profits in the history of Wall Street.  So, as long as our priorities are kept straight that's all that matters:  we the sheeple keep sinking lower, paying more, having less, working harder and they keep doing less, robbing more, putting more of our money in their pockets and making serfs outta us.  Long live Capitalism and the crooks that run it!


Comment by Found Zero
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Fed sees continued foodlessness drawing out hunger.