| Despite talks about growth of the economic situation, unemployment figures are still growing in the United States. This tendency might shake the Democrats reputation.Although economic downfall is reported to slow, the unemployment is expected to rise and exceed 10% within the year of 2009. Growth of poverty and skimpy economic growth might give even more ground for accusing Obama and parliamentarian Democrats of lavishing public money. If the situation remains without changes, the government which has been justifying its expenditure by the attempts to produce new working positions and treat the economic situation, will endure tough times, especially during the midterm elections of November 2010.The economic policy of The president entails investing 787 billion dollars in renewable energy, health care, education and vocational training. The government alleges that this measure will help to stabilise the saving and create working positions. This optimistic vision, however, is not shared by economic gurus. By their forecasts, the unemployment is going to exceed 10% in 2010, and its return to the pre-recession level (about 5%) can be anticipated not sooner than in a few years. The anticipated development of the employment situation is going to gravely affect children, low-skilled workers, immigrants, African and Latin Americans.Lawrence Mishel, president of the Economic Policy Institute, is said to claim that the rate of structural unemployment will entail tremendous damage to many communities and verbalized his surprise with the carefree position of American citizens. According to statistics, since December 2007 the quantity of jobs in the U.S. Has reduced by well-nigh 5.7 mln. Although recent months demonstrated a slight growth of the employment situation and rise in consumption, the development remains unchanged, and the quantity of jobs still is getting reduced.Making things worse, American companies spare no efforts to re-employ workers and introduce technological improvements into production, thus making their employees redundant. Moreover, the economic decline almost ruined the financial sector and the automobile industry. Even government intervention is ineffective to recreate nany of the jobs in these sectors."The rate of unemployment has not reached its peak, it will last often thirster," forecasts Mishel. The political debate appears to indicate that the deterioration is about to finish, but we still need to discuss ways out of the actual crisis, i.e. to recreate jobs." |
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