The New Great Depression

Let us shine a light on the economy! You will hear politicians say that the workers of the United States are suffering an economic recession. The news media simple mindedly reports what ever the government officials tell them to report. Let us all be clear about this fact, workers are suffering under a depression. This depression is as bad, if not worse, than the last Great Depression. Right now only 50% of the working public is engaged in full time employment. Since part time employment really does not allow one to buy much at all, half of the workers in the U. S. are unemployed. Many thousands of people are living in homes that are worth less than they paid for them. We do not know how many thousands of people are squatting in homes that have leans on them or have been foreclosed upon. We also have not faced the retail real estate market’s crash, coming soon. We have not come to grips with the fact that many of the jobs that have been lost over the last few years are never coming back. We know this because production is up and rehiring has not occurred. Put another way, employers are doing fine with workers that they have. So when you hear the phrase “the worst recession since the depression,” please understand that it means the new Great Depression.