ScreamingEagle
Gold Member
- Jul 5, 2004
- 13,399
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Michael Ramirez, cartoonist for Investor's Business Daily, may have summed it up best.
In a recent offering, he shows President Barack Obama bending over to address a pathetic, bug-eyed, obviously exhausted American businessman, who struggles on one knee to hold aloft on his shoulders an entire globe labeled "Taxes / Regulations / Uncertainty."
"Well, don't just sit there," the president instructs the capitalist with a wave of his hand, "Step up and hire workers."
"Nearly two years after the economic recovery officially began, job creation continues to stagger at the slowest post-recession rate since the Great Depression," USA Today reported Friday.
The nation has 5 percent fewer jobs today -- a loss of 7 million -- than it did when the recession began in December 2007. Hardest hit? Housing.
"That is by far the worst performance of job generation following any of the dozen recessions since the 1930s," the newspaper reports. "In the past, the economy recovered lost jobs 13 months on average after a recession. If this were a typical recovery, nearly 10 million more people would be working today than when the recession officially ended in June 2009."
But they're not.
The jobless recovery - Opinion - ReviewJournal.com