Unemployed and Out of Luck: Numbers Don’t Lie

By Bill Glynn

Anyone can stand up and say "You Lie!" The truth is the numbers speak for themselves. We have all watched the housing depression and wealth being wiped out. We all knew unemployment would continue to rise and have a dramatic impact on the economy ongoing. The new 200,000+ unemployed just adds to the pain. The second wave is coming. Inflation will take a lead role in agitating the economy. Gas prices are high and approaching $3 a gallon again. While food and other products remain relatively stable the basics are even getting out of reach for many. It’s a vicious cycle. The more people that tighten their belts or are losing weight quickly, the less they can purchase. The 'Cash for Clunkers' is over and Chrysler may not even make it a year. Although politics and international affairs have overshadowed or even distracted the economic news, I feel it is time again to put attention back on America’s internal affairs. [more...]