Big Mac's Bar & Lounge: Klaus Catsby, Esquire
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11-07-2012, 02:36 PM
Join Date: Jul 2004
Originally Posted by
I always fear for our economic situation. It's got to be the worst I've ever seen or understood in my short life. It's pathetic, really. There is probably more benefit in being broke to take advantage of everything than there is to be scraping by at jobs.
These charts tell the whole story folks.... and this is data from the Fed. Get ready for another long 4 years. It's plain to see that this economy is running on fumes and that things will be stagnant for a while.
The unemployment rate has dropped from the peak, yes, but that is just an optical thing. A lot of folks have dropped out of the labor force and are no longer seeking jobs, which means they are no longer represented in the unemployment rate #'s.
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