The Poorest Rich Nation
I have long shared with friends and associates that the US government has (and still is) using the wrong strategic economic approach to solve our economic woes. One might even say these strategic approaches, such as The Feds quantitative easing, whatever that is, has added to the problem.
Today, we get an update on our economy. 14.3% of the U.S. population, 44.1 million people, don't make enough money each month to feed themselves and they are on food stamps. The government is boasting about the 250,000 jobs it has created, while 44.1 million can't feed themselves. Oh, and the cost of creating those 250,000 jobs is estimated to be $1.3 million per job.
http://leverageacademy.com/blog/2011/03/04/44-million-in-the-u-s-use-food-stamps-14-3-of-population/
More distressing news today indicates that the the real unemployment rate in the United States increased to 10.3% for the month of February.
http://www.gallup.com/poll/146453/Gallup-Finds-Unemployment-Hitting-February.aspx
How long will it take the strategists at the federal government to realize that the strategies they are using are not working, and in fact are hurting the economy?
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