A befuddled article--the author concentrating on massive global unemployment, stating that it will blight the lives of millions for years to come. What should governments do? His answer–in the long term–is make it easier for businesses to fire people. He woefully underestimates unemployment rates, predicting 10% by year’s end–not understanding those no longer looking for work are no longer counted, making true unemployment about 19%..

A great article that's just as well written as it is projecting the future economy of the U.S. and the world. Jobs, Jobs, Job,. Thats the future of any government. What is needed, where it's needed, and who can get it their first.

A reasonable story but with a few flaws, as would be expected from a right leaning corporate friendly publication. The writer states that the current (8.1%) unemployment rate is nowhere near the depression's 25% rate. Unfortunately, the writer does not or did not look into the way the rate was and is now calculated. If you calculate the rate the way it was done during the depression, then the current rate is about 20% not 8.1%. In addition, there is very little effort in the stimulus to keep workers in jobs that will be going away, most job money is for shovel ready projects and the retraining for the greener jobs of the future. And finally, there is a lot of emphasis put on how the policies of the FDR administration (that ... More »