Is the furor swirling around the recent LGBT youth suicides overshadowing the elephant in the room?

The geniuses in the White House and the so-called economists are calling it “Structural Unemployment”. That’s their moniker for the record number of people (6.55 Million ) who have been unemployed for twenty-seven weeks or longer as of July, 2010,according to the U.S. Bureau of Labor and Statistics. And that number doesn’t even include the number of people (8.5 Million) who have been forced to work part-time because their hours were cut or they can’t find full-time employment.

I succumbed to Twitter, but already I’m thinking about un-succumbing. I wanted to see what all the fuss is about and now I see that it is about nothing. My first follower wanted to show me her naked pictures, but not on her Twitter site…

I ask you.

Do I really need this?

In other news, They’re just predicting this now? A double dip recession? Oh noes! Whoever could have predicted that?

Listen, when your top “economists” are making apologies to the 40% of the unemployed who will remain unemployed because their skills are “unwanted” in America, continual recession into depression is what you end up with. But the Mainstream Media is going to act like this is new…BREAKING NEWS! ECONOMY ISN’T RECOVERING! I’ve been warning you for a year now. This is just the tip of the iceberg. But when it’s done, hopefully we’ll have learned our lesson about Free Trade and Trickle Down.

I’ll be following that thought up with a new post about the new permanently “unemployables” soon. Ω

If you want to see what half of a Great Depression (a.k.a. a “Great Recession” looks like, take a look at this graph of the extent and duration of unemployment for each of the last six recessions.

dealing with depression

Some news media portray the financial reform deal as “sweeping” but is it?

Book Review: Leighninger, Jr., Robert D. Long-Range Public Investment: The Forgotten Legacy of the New Deal. 1st ed. 1 vol. Columbia, SC: University of South Carolina Press, 2007.

The danger in a blip of good news is that it’s simply that: a blip. It is certainly a good thing that the data shows that 162,000 jobs were added in March. But, the truth is that this is not much to celebrate. And it actually should be a siren to move dramatically to embrace a much more ambitious jobs program on the order of $1 trillion.

Salbuchi, an analyst in Argentina is expressing “We the People’s” cause on YouTube better than anyone in the United States

During the Great Depression, the American public sought a scapegoat for their economic plight. Some targeted the three B’s — brokers, bankers, and businessmen. In reality, however, America’s Great Depressions are caused by the structure of the American economy itself.