Quote:
Originally posted by wimpy
This is not an ordinary recession. I know a welder who has been unemployed for over a year. He is not counted in the stats, like other long term unemployed.
A programmer I laid off 2 years ago is still unemployed. He does small contract jobs for a fraction of his old pay, I don't consider that "employed."
A webmaster I laid off 2 years ago just now is making enough money to pay his bills, but he's still 6 months behind on his mortgage. That's employed, but hurting.
I think we're seeing a Fed induced economic bubble. The Fed is pumping money into the economy so that the economy will appear to be gaining during the elections. Right after that, if not before, I bet it will all collapse again, because the Fed just doesn't have the muscle to keep it going.
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Well holy shit, someone else gets it!