States with the slowest recoveries
While much of the focus has been on unemployment, jobs are not the only factor determining how states have fared since the recession.
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Meanwhile, the quality of life for liberal elites is at an all-time high in Washington, DC.
Articles like this one are ignorant. Essentially, our economy is compromised by a giant bubble of baby boomers heading into retirement, unwilling to give up 20th Century prosperity, even if it destroys the nation. Retirees are invested in everything and don't realize that doing so actually suppresses the rest or the potential renter, leaser or client. we have about 5 more years of this, then it gets critical. There is plenty of talk about Obama's spending but the $16 Trillion owed went into the markets and out to the seniors. Collectively, they are rent-controlling the economy into a full-blown Depression. If you spent a better part of your working years making wages, what skill set constitutes your investment mogul and entrepreneur delusions now?
No state recovers until it throws Wal-Mart out and directs all available monies to revitalize Main Street and not Wall Street. Recover requires indigenous production that can be exported. If we are importing and sustaining administrative offices only, we are dying. Destroy the paper pusher, make new businesses. One terminates to recover the bottom line, the other hires to raise up the bottom line. Which are you invested in, senior?
I keep hearing of a recovery, but I'm not seeing it. I think part of the data is skewed because they base it on how many people are collecting unemployment benefits but many, like myself, have been unemployed so long we've exhausted our benefits and now get nothing. How could they be counting me?
I notice that Michigan or Ohio didn't make your list, even though both States still have more people unemployed than even live in North Dakota! You also report South Dakota as having a very low unemployment rate, which obviously does not include the many unemployed Crow and Sioux natives living on reservations within the State either.
Also, that reported unemployment rate for 2007 seems very low considering that all of the major cities of the southern Great Lakes region had unemployment rates in the double-digits by then too. My guess is that if the GW Bush administration was willing to neglect to mention that $2 trillion that they stole from Social Security, that also caused them to egregiously under-report the Federal budget deficit that entire time, that grossly under-reporting the actual unemployment rate (or the actual inflation rate too) would have not been outside the realm of logical possibility either!
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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