Ten Percent Unemployment Before 2010

Posted by admin on May 23rd, 2009 — Posted in World financial crisis

No matter what the EU leaders and G20 members say, unemployment is still soaring. In the United States, companies are still firing their employees to remain ahead in their game. They want profit, so they cut away the loose strands and wish the unemployed good luck and good riddance.

Barack Obama is unhappy. While he’s meeting up with the G20 leaders, the increasing rate of unemployment remains a somber reminder of what still has to be done in the United States. If nothing is done, things might become uglier. For instance, the unemployment rate might reach 15%. Back in the nineties, the unemployment rate nearly reached 16%. If this happened prior to the Obama administration, it can happen again, easily. What do you think Obama should do to the big businesses?

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