Fudging the Unemployment Figures

OP-ED COLUMNIST
The Dropout Puzzle
By PAUL KRUGMAN
If four years of extremely loose fiscal and monetary policy
weren't enough to give us a full economic recovery, what
will?

http://www.nytimes.com/2005/07/18/opinion/18krugman.html?th&emc=th

..................

We in NYC are intensely aware of the real unemployment situation -- nearly half of African Americans out of work, other New Yorkers working part-time or picking up jobs far down the income scale from where they were dropped. Elsewhere around the country I hear of a lawyer in CA now working in a coffee house post the bust in that state. I know of the North East Kingdom (northern Vermont) where kids smash windshields in the night out of unemployment boredom, workers in the Ethan Allen furniture plant in Orleans on 4 day schedules, if not laid off, and scared stiff that the plant may be relocated where wages are lower still.

And so it goes in an America on the brink! Good luck all!
--
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to arms is legitimate if they represent your last hope." (Livy)
--
Ed Kent 718-951-5324 (voice mail only) [blind copies]
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