There will be some dips and blips along the way, but the U.S. jobless rate will continue on an overall upward trajectory for much longer than most dare to imagine. Here is why:

1) Despite all the political hype, the “stimulus jobs” are not materializing. This is not surprising because although the U.S. Government excels at creating various make-work projects and programs, doing so takes years—not months. Moreover, as almost everyone expected, the Great White Stimulus Hope has dissipated into various short-duration, pork-barrel projects with no overarching focus, coherence, or any discernible effect. Does anyone think the next stimulus round will be any more effective?

2) The state and local government firing binge is just getting started. With sales, income, and property tax revenues plunging like never before, American states, counties, and cities are gearing up for their first-ever mass layoffs of clerks and bureaucrats, schoolteachers, librarians, dog catchers, and even police and emergency services personnel. State colleges cannot be far behind.

Not even the Great Depression saw it get this bad so early in the game—we are looking at unprecedented grief in a sector employing roughly five percent of the labor force, which has hitherto been almost entirely insulated from the larger economy.

3) Auto-industry layoffs are just warming up. Uncle Sam’s bailout has bought some time, but what about the GM and Chrysler factories and hundreds of dealerships already slated for closure, not to mention the collateral damage to hundreds of parts suppliers and other dependant businesses such as catering, security, and building services? The long-expected terminal downsizing of our auto industry has not even begun.

4) Tourism, hospitality, and airline industry downsizing is just around the corner. Go to any vacation spot and you will see half-empty hotels and desperate managers hoping for a turnaround in the economy before they go under. Anything short of a lightning-fast rebound to previous levels of consumer discretionary spending will see many of them close their doors.

On the transportation side, Delta has said that it will “reassess staffing needs”, US Airways is asking some personnel to take unpaid vacation, and American Airlines intention to cut a mere 2.4 percent of its workforce seems a little on the rosy side relative to prior experience. It looks like some serious trimming is just around the corner.
Moreover, how many soon-to-be Pan-Am’s are out there in the airline sector, ready to disappear at any moment? Does anyone believe that this perpetually near-bankrupt industry can avoid mass liquidation in the near future?

5) Precipitous demand destruction in coal, metals, and some other resources is only now leading to mass layoffs in the extractive sector. Coal shipments are already down an astounding ten percent year-on-year and with no sustained manufacturing recovery, will not be rising any time soon. No matter what happens in Washington and on Wall Street over the next few years, our nation will not require nearly as many miners as it did when the hyper-consumption economy was booming and the typical yuppie bought a new car or laid fresh asphalt on his driveway every four or five years.

6) Many small businesses are hanging by a thread. This is one of the biggest underreported stories out there. Not possessing sufficient clout to secure a bailout, handout, or any other form of government cheese, tens of thousands of smaller enterprises employing millions of Americans are deep in the red, running out of cash and credit, and sputtering along on nothing more than momentum and hope. How long can this go on?

7) Last but not least, the optimistic mainstream consensus over the last 18 months has been consistently proven dead-wrong. Whatever the mainstream agrees on at any given time, the opposite has repeatedly proven true. If they are now saying that the employment picture is stabilizing, you can be 100 percent sure that, somewhere at the bottom of the government’s murky statistical soup, it is in fact getting much worse.

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everything i print write or show on here is a complete and utter lie..i cant help myself i am a terminal liar..all of this shit is just fiction and made up for entertainment purposes ONLY..

thank you for the novel, but i read not one fact, citation, quote, or quotation to back up a thing that you just wrote. find some charts and shit and i'll be back. hungry.

Novel? hell its barely a 1 minute read. I make replys to comments twice as long. Check this site out,( http://www.shadowstats.com/ ) they do the statistics the way the govt did them prior to clinton. unemployment is almost 20%, thats almost as bad as the depression.

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It is far easier to ignorantly control others than it is to wisely control yourself.

This is the domino effect from the fucked Bush economic plan, or should I say lack of one, de-regulation was elevated to the top of all priorities. We are experiencing the aftermath, wake up.

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Life is good, the water is sweet. The ground keeps moving beneath my feet.

Why don't you wake up?

Are you ignoring the fact that it was your political party that refused to even consider reining in the GSEs ($100 Billion + in tax payer money, + untold Hundreds of Billions more now that they are under the government umbrella. Additional Billions up in shareholder equity, because they were mismanaged by Democrats and their retarded cronies.)

Are you ignoring the fact that Obama voted for the Bail Outs? While Bush and McCain did the same that still leaves plenty of blame to go around.

Now, I think more important to consider is the fact that the United States never successfully navigated out of the Great Depression. The government just hid it with insane amounts of inflation. The Dollar Bubble has burst, and FDR's ravens have come to feast on the rotting corpse of the United States.

These fuck ups belong to the Goverment, and their inane economic policies built upon destroying the dollar and mismanagement of the finances of this country.

No, not Bush or Obama, both parties, and their disasterous record of intervention in both the economy and around the world.

Probably the best thing for the US to do would be to bring all of our soldiers home from all the nations we have them in and let their paychecks circulate around our economy. We can not afford to pay tribute to Europe, Asia and the Middle East.

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Libertas inaestimabilis res est - Liberty is a thing beyond all price. | Sic Semper Tyrannis

Probably the best thing for the US to do would be to bring all of our soldiers home from all the nations we have them in and let their paychecks circulate around our economy. We can not afford to pay tribute to Europe, Asia and the Middle East.
Of all the posts you have ever made, this one paragraph makes the most sense of all. We could post them on our borders and put a stop to all illegal border transgressions. The southwest, in the border states, would become wealthy beyond belief. I'd sell out and open a couple of conveniece stores close to the border, hoorah.

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Life is good, the water is sweet. The ground keeps moving beneath my feet.

Well there we have it, economic recovery plan - bring our soldiers home, and stop wasting billions over seas.

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Libertas inaestimabilis res est - Liberty is a thing beyond all price. | Sic Semper Tyrannis

a pipe dream is what is sounds like..
the other democrat plan is to make all the illegal aliens legal citizens ..that would solve the illegal alien problem.and they would vote for democrats as long as they live.
guess what plan obama is going to use to solve the illegal problem?

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everything i print write or show on here is a complete and utter lie..i cant help myself i am a terminal liar..all of this shit is just fiction and made up for entertainment purposes ONLY..

The same one McCain was for? Amnesty?

No surprise there, both of them were dumb asses.

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Libertas inaestimabilis res est - Liberty is a thing beyond all price. | Sic Semper Tyrannis

So you think Ron Paul was smart enough to get his agenda past the ruling class? I seriously doubt it. No matter how smart you are the Golden rule still rules.

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Life is good, the water is sweet. The ground keeps moving beneath my feet.