FREE MARKET CAPITALIST RAMBLINGS FROM THE END OF THE BAR
Monday, October 25, 2010
99ers Boxed In
Nationally, not withstanding the ineffective and harmful moves by the Obama administration, high unemployment levels remain an anchor on the recovery effort of the economy.
Congress has expanded the time frame for unemployment benefits to 99 weeks, but since each of the moves made by the administration, from raising taxes to expanding regulatory burdens, have placed barriers on small business creation and expansion, the economy remains in borderline contraction.
Few places have been hit harder than California. Last night, 60 Minutes ran a simply devastating story on the unemployment situation, centering around California towns in Silicon Valley. This is a must see piece:
BAHL is a REALTOR, Real Estate Investor and Residential Real Estate Appraiser in Orlando. He holds a BS degree in Economics from Florida State University.
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