2008 record      

 

Everyone agrees the American job picture is a disaster. The latest unemployment figures stretch from the official 9.5% to the Labor Department's U-6 figure of 16.5% to a sickening 22%, according to TechnoMetrica Market Intelligence. Politicians and pundits debate the reasons. You're familiar with the arguments:

--Those on the right look at the $1.8 trillion in cash reserves held by U.S. companies and conclude that business has gone on a capital strike. Business is refusing to invest aggressively in the future--including hiring more people--in an atmosphere of rising taxes and regulation, not to mention rhetorical attacks on business by President Obama.

Read the full story here

 

Submit to DeliciousSubmit to DiggSubmit to FacebookSubmit to Google PlusSubmit to StumbleuponSubmit to TechnoratiSubmit to TwitterSubmit to LinkedIn