Government Fiscal Flippancy or Fast Utilitarian Action?

The nigh ten percent unemployment rate is quite a dismal fact, but not something that hasn’t happened before. In fact, we are well below the twenty five percent unemployment that happened in the 1930′s and just around the same unemployment rate as in 1983, longer than most can remember and before many were born including myself.  Thankfully, this recession has not moved into such a dire situation as the Great Depression and is hence not labeled as such.

Perhaps the speed at which information and money can travel these days, and perhaps the loose laws governing the printing and creation on money is what has dampened the recession, or perhaps it is only delaying it. Whatever the reason, it seems to be working. The rate that unemployment is increasing is slowing down, a good sign. Also, less protectionist policies have been enacted, which has also spared us from a trade catastrophe. Perhaps swift misappropriation has saved the day in the end, but at what cost?

Regardless of one’s views on the Federal Reserve, an obvious scare has somewhat been averted and our economy is apparently on the long road to recovery. Recent news reports state the job environment will take until 2012 to reach satisfiable unemployment rates. Ironically 2012 is supposed to be the year the world ends according to the Mayan calander and this report was released right before labor day weekend. Happy labor day, for those who are still employed!