388,000 more workers filed new unemployment claims this week and this is being hailed as a sure sign that we are in a recovery. Question: What are we recovering from? Remember we have been out of the recession since June of 2010. Corporations have been and are making record profits. Again, what are we recovering from?
Weren’t we in a recovery this time last year? Has recovery become like a season? Every fall during the harvest and Christmas commerce season we recover and then in the spring we have to pay for the recovery, you know, for all the Christmas gifts charged on credit cards. And of course all the temporary jobs have ended and these people who will re-file for unemployment will have their numbers used to hide the fact that another million have lost their unemployment benefits at 99 weeks.
Continue reading “November Recovery Right on Schedule”