“Unemployment could hit 12.2 percent by Dec. 31” (Dailynews.LA)
The time has come for an overhaul of our economy. Every business school graduate knows that if the supply and demand curve can’t find its “equilibrium” then the economy will continue to tank; Jobs will continue to be loss; and, Wall Street will continue to “talk” its way around the fact that we are in a Depression. Jobless rate is at a 26-year high of 9.7 percent. And,.... check this out, on Tuesday, September,15, 2009, on “Good Morning America” Treasury Secretary Geithner said that a economic rebound depends on a strengthening job market. “REALLY!” …. Might I ad, that “jobs” have to pay beyond the average cost of living to have an impact.
See, the transition issue America faces in its movement towards a service economy is that the old formulas of recovery don’t apply. And, the sooner this is realized by the power players, the sooner American’s will feel a recovery, and not just hear or read that one is occurring. It's like the old saying…”don’t piss on me… and tell me it's raining…” What do I mean? You ask. Well, on Tuesday (9/15/09) the Federal Reserve Chairman Ben Bernanke said in reference to the Recession, “very likely over at this point”. And you know what, he’s right… The recession is over….WE are now in a Depression.
The Blueprintforjustice believes that the necessary economic policy for recovery is a mandatory federal “living wage”. This is not lefty progressive at all. It's required to sustain the American way of life in a “service economy”.
