It is rather depressing to read about the unemployment numbers that came out today. 7.6% Unemployed! Today's unemployment number say 1 in 13 people are out of work. The governments U-6 numbers puts true unemployment closer to 1 in 8 (13.9%). I hope the stimulus package helps push the economy back onto its feet.
When I was a child, Regan was in power and the nation was in a slump. The words recession and depression were thrown around. I asked my Dad what the difference was.... His response, 'A recession is when your neighbor is out of work... a depression is when you are out of work.' I know now he borrowed that line, but those words still rings true.
Raise your glass to all those who still have a job... your keeping the economy alive. Now lets raise a glass to all those out of work... may fortune shine on you and may locked doors swing wide open.
Friday, February 6, 2009
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--- Patrick H.