Friday, December 21, 2012


The economy is bound to be robust next year:

Data released by the Economic Policy Institute (EPI) on December 19 indicate that 13.1 percent of the workforce, or more than one in eight workers, will be out of a job at some point in 2013.

The EPI calculates that 14.9 percent of the workforce, or some 23 million people, were unemployed at one time or another in 2011. (The 2012 rate has not yet been calculated, of course). This figure for 2011 contrasts sharply with the official annual jobless rate of 8.9 percent, which is simply the average official monthly unemployment rate for the year.

The holiday season jobs situation remains grim in the US for tens of millions, even as the Obama administration and the media blather on about the strength of the American economy.

I have no doubt John Kerry would make a great secretary of state, but I am not happy about another Senate seat being open.

I know a Democrat is governor in Massachusetts, but I am still not happy.

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