1. Unemployment at 10.2% is only those who actively seek work. The actual rate of those who are unemployed is likely closer to 20%. 1 in every 5 working-age Americans is out of a job.

    muppetpants:

    (via notthatkindagay)

    Remember when Obama said that we could stop unemployment from reaching double digits by spending $1 trillion?  Could you imagine going to a cobbler, having him tell you he could fix your shoes for $1000, and having the soles fall off shortly thereafter?

    In this case it’s more like we agreed to buy the $1000 shoes, but they’ve only accepted $50 from us and we’re still wearing the old shoes.

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