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Greetings, Experts, Welcome To The Party
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Why is it only now that economists and investors are getting depressed over all the weak economic indicators? Didn't they notice how bad things were before now? Even here in this column, where I freely admit to being close-to-moron on most issues, I've been talking about the "jobless recovery" and huge long-term unemployment problem practically since the Fall of '08, while noting that most of the government's actions seem to be missing the mark (spending "stimulus money" on non-job-producing pet pork projects, for example, or ignoring the real and growing problem of white-collar, upper-middle-class, older workers suddenly completely and possibly permanently unemployable). Why is this being treated as some kind of newer development? (Los Angeles Times)
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