With many financial analysts claiming the economy is recovering it is hard to know or understand what that means when so many Americans are out of work or living with the threat of losing their jobs.
Economicst Paul Krugman, whom I admit to respecting highly, in his NY Times OP-Ed column today (Boiling the Frog )
At this point, however, the acute crisis has given way to a much more insidious threat. Most economic forecasters now expect gross domestic product to start growing soon, if it hasn’t already. But all the signs point to a “jobless recovery”: on average, forecasters surveyed by The Wall Street Journal believe that the unemployment rate will keep rising into next year, and that it will be as high at the end of 2010 as it is now.
Now, it’s bad enough to be jobless for a few weeks; it’s much worse being unemployed for months or years. Yet that’s exactly what will happen to millions of Americans if the average forecast is right — which means that many of the unemployed will lose their savings, their homes and more.
What is the best way to help to increase hiring and to improve th…
