(World Tribune) — The U.S. economy is sick. And it’s not getting any better despite the inherent vitality and innate resources which do spring to life intermittently from the world’s largest and most important economic enterprise. In fact, it may be growing worse in terms of basic issues.
Vested interests – the Obama administration, economists living in perennial statistical delirium and the administration’s media claque led by government-subsidized National Public Radio/Marketplace – have been grasping at straws. Despite their paean based on Washington’s manipulated statistics, the reality is quite different.
One stark element stands out: a catastrophic loss of jobs and increasing, not decreasing, unemployment, particularly among semi- and unskilled workers and among recently university leavers.
