America's "Houdini Recovery" under IMF-Type Austerity

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-- over 11 million full-time jobs lost since late 2007, and well over four and a half million since Obama took office, despite pledging to create them;

-- millions of jobs lost despite massive economic stimulus, and when it slows, watch out;

-- a federal deficit over 10% of GDP, twice the 1930s ratio;

--private capital growing at its slowest rate in nearly two decades;

-- 30% of manufacturing capacity idle;

-- 19 million vacant residential housing units - about 15% of the total;

-- one in six Americans unemployed or underemployed;

-- the adult male employment-to-population ratio at a record low 67% compared to 73% when the recession began;

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