A Surge in Demands on Government for Jobs (tags)
Thanks to the government bailout, bankers and brokers are now self-righteously pocketing their record bonuses, reassured by Goldman Sachs CEO Lloyd Blankfein that they are doing “God’s work” (The New York Times, November 17, 2009). There is no humility in these quarters. Yet working people continue to be battered by relentlessly rising unemployment, caused by an economic crisis they had no part in creating. Officially the rate stands at 10.2 percent with the unofficial rate hovering around 17.5 percent, since it also includes part-time workers wanting full-time work and those who are discouraged and no longer looking for work. Both statistics are on the verge of rising.