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December 14, 2009
Think Unemployment is Really Going Down? Think Again.
The level of un- and underemployment is so huge by historical standards
as to make the usual sort of measurement questionable. With nearly 20% of the population unable to find proper work, there is a different sort of workforce. The vast majority of job creation in the US during the past two generations came from small businesses, which display only vaguely on the radar of government agencies as well as the bigger private surveys. The financial crisis killed small entrepreneurs as surely as Joseph Stalin killed the kulaks, and the roots of the economy are dead and dry. -- Spengler
Posted by Vanderleun at December 14, 2009 9:25 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Goldman also says that the economy is beset with gangrene at the capillary level. I believe he's right.
And if even half the stuff written about in Zero Hedge is accurate, we're all looking at a substantially lower quality of life in the future--as the Left has intended.
Anyone for an apple?
Posted by: ahem at December 15, 2009 6:57 AM
The murder of the the small business sector is a feature of the current administration's plans, not a bug.
Far easier to control and extort a few thousand big companies than millions of small ones.
Posted by: director at December 15, 2009 11:41 AM