Getting the real, not the stated, unemployment rate down to a more normal 5% and below, is not going to be easy. Not with meaningless gestures.
The unemployment rate is actually over 17% when you consider the truly unemployed. Not only those who still haven’t given up seeking a worthwhile job or are on unemployment income while it lasts. The truth is, the official unemployment rate is misleading.
To get job creations going, the economy must improve. That means psychology must get better. More money has to get into households. That situation is not improving.
You simply have to get more funds into the hands of the consumer. What will do that? Lower income taxes, fast. And productive private industry jobs, fast. (See the Earl J Weinreb NewsHole® comments.)
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