Army of unemployed is now entrenched in U.S.

[xchrom]

http://www.marketwatch.com/story/army-of-unemployed-is-now-entrenched-in-us-2011-10-14

NEW YORK (MarketWatch) — Slowly, over the last year, it’s begun to dawn on us: The economic recovery isn’t really making a dent in unemployment.

The public knew this much earlier than economists or pundits did, and as for politicians — don’t ask!

Survey after survey showed Americans didn’t believe the economy was recovering. And people who commented on MarketWatch articles have been downright hostile to any notion that either the markets or the economy were getting better.

But economists need hard data before changing their minds. And over the past few months, more and more of them have concluded that indeed the depth of this particular recession and its roots in the financial crisis have combined with structural changes in the economy to push the so-called “natural” unemployment rate in the U.S. permanently higher.

Read Howard Gold’s analysis “White-Collar Recession, Blue-Collar Depression” on MoneyShow.com

If they’re right, it would be bad news for millions of Americans whose prospects are bleak enough already. It also would make the U.S. economy more like the Europe we’ve routinely derided — without the social safety net European countries typically provide.

[RKP5637]

1. Employment in the 21st century will be vastly different than in the 19th and

20th centuries, yet TPTB and the supposed experts are entrenched in the old way and those espousing new ways are stomped and silenced by the old guard, as the old guard is entrenched in greed and the gilded age. So, we as a society waffle and many suffer physically and financially, their numbers growing each day.

OWS is a gallant movement in changing the old guard. The energy and momentum must be maintained even with winter coming. Continued communication IMO is key, and fortunately we have the tools for that today.

We live under a repressive regime in many ways, but many don't realize it because they've been born, breed into it and conditioned with little comparative analysis. Just the financial shackles are stunning. Most having nothing today will never have anything, it's not the world our parents grew up in where opportunities had not yet been stifled. Yes, in many ways it is better, but also in many ways it is far from optimal. A significant difference is the tools for repression of a populace today are enormous.

[madrchsod]

2. with out that social safety net we`ll become a second world country.

welcome to the america of the 1800`s......

[raccoon]

3. K&R. nt