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Originally Posted by Saratoga_Mike
It might be ephemeral, but I expect the private sector to start to add 100k to 200k jobs/month by late summer 2010.
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The current unemployment numbers do not and cannot tell the whole story. For example, you are aware that all self-employed people who can no longer support themselves are not counted as being unemployed because they're not eligible to collect unemployment benefits. I just heard on the radio today by a self-employed tractor/trailer driver that things are very bleak right now for independent haulers of freight because there's no freight to be hauled. More and more independent drivers are going belly-up. No freight to move, no work. No work, no money.
Plus someone else was telling me that UPS was laying off about 1,200 or so drivers? (Anyone else hear about this?) The economy is still contracting and I don't believe current policies are going to reverse this trend.
Plus a large supermarket chain (nationwide) is moving out of my area altogether. They're closing up all their stores. They started the process over six months ago, and it appears now the chain is pulling out of the area entirely. Thousands more will be unemployed very shortly.
I still believe this is all designed by the BO administration because they want to get as many people on the public dole as possible. Socialists have never been big fans of individual liberties or independence.
Boxcar
