| High unemployment we now have is not the consequence of any failure of the stimulus plan (the spending is just starting and will be increasing this year and next), but rather the result of the economic deterioration that started in the Spring of 2007 and has been far more damaging than economists expected. We are in such a deep hole that even a large stimulus plan will not prevent us from reaching unacceptable levels |
Read the rest of the story HERE:
At www.epi.org
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
