In a report sure to cause consternation at the White House and in the offices of the Democratic Leadership in Congress, “60 Minutes” provided an in-depth report on the realities of the unemployment situation in America today.
When you take into account the underemployed as well as the unemployed, the national rate hits 17% and California a staggering 22%.
To put a face on the realities of the underemployed in America under Obamanomincs, reporter Scott Pelley spoke with a fiber-optics engineering manager who has been looking for work for over a year. He just took a job working at a Target. 20% of the unemployed in America have college degrees.
According to the report, 1/3 of the unemployed have been out of work for over a year. This hasn’t happenned since the Great Depression.
Airing one week before the mid-term elections, this report explains better than anything, exactly what is at stake for our country on November 2.