Oh, joyous news. [sarcasm alert!]
On July 4, Charles Krauthammer said this on FOX News:
“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.”
Krauthammer is not the only one.
- An AARP report in March 2010 found that the middle-aged were hit hardest by the recession and stay unemployed the longest.
- A February 2011 article in the Orlando Sentinel also says that job hunt is extra tough for middle-aged unemployed.
To the 53% of Americans who voted for the fraud in 2008:
You can take that Hope & Change and stuff it where the sun don’t shine.