Tuesday, July 05, 2011

In Search Of A U.S. Economic Recovery

The U.S. jobs gap has been, for the Obama administration, a sore that will not heal. Observers note it's been the 'Worst recovery' since the Great Depression. And there's no end in sight.
"The problem is at the consumer level, confidence is low and that is because, as you showed, showed we had underemployment with one out of every six Americans. The worst element of that is that among the unemployed, against the American history, more than approaching half, have [been] unemployed for over six months. That is historically unprecedented in the United States. That is a phenomenon that is seen often in Europe, rarely seen here. In 2007 the average time to get a new job was five weeks. It's now near six months. And that implies a whole segment of the population, the more elderly or the middle-aged who may never get employed again," ~ Charles Krauthammer on FOX News
According to the L.A. Times ::: The challenging Obama era and 9.1% national unemployment rate do not include the 454 people now helping President Obama do presidential things.

This crowd is being paid a total of $37,121,463 this year. That's up seven staff members and nearly $4 million from 2008, the last year of George W. Bush's presidency.

Fully 141 Obama aides -- or nearly one-in-three -- earn more than $100,000 a year. That's also up from the 130 with that scale salary in Bush's last year.

Twenty-one Obama aides earn the top-dollar $172,200.

The staff names and salaries report, required annually by Congress, was released on Friday by the White House. The timing, however, was probably an accident because last Friday most Americans were not watching the news closely and were thinking of not working for a three-day holiday weekend.



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