Word: hitting
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Dates: during 2000-2009
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...employment hole is 9.1 million jobs," says Shierholz. "The stimulus bill is great, but it will only generate 3 to 4 million jobs. Now that we can see how dramatically things have deteriorated, we need to think about job creation in the places, like Michigan, that are extremely hard hit. There are areas across the nation that are going to be very depressed for a long time." (In comparison, at the height of the Great Depression, nearly 25% of the U.S. workforce - more than 11 million people - were unemployed.) (Read about the origins of the Great Depression...
...helping unemployment? It was never designed to be a jobs program. Instead it is an ambitious policy prescription to restart - and redirect - the economy in new directions over the next three years. Stimulus spending is not a fast-infusion jobs program, nor is it always targeted toward the hardest-hit states. For example, stimulus road-building largely bypasses large metropolitan regions where antiquated infrastructure snarls traffic to focus on rural areas and smaller states...
Desperate times in one especially hard-hit Tennessee county stirred Governor Phil Bredesen to get creative. As first reported in the New York Times, the result is a "novel use of stimulus money." In remote, tiny Perry County, where the unemployment rate had soared to 27% with the closure of an auto-parts factory, Bredesen decided a New Deal-style WPA program was the order of the day. Some of the jobs are with the state parks and transportation department, but two-thirds of them are new jobs in private sector businesses - including a pie company, a hotel...
...economic adviser Christina Romer signaled that the Administration would consider a new stimulus measure if it did not see strong results from the current package. Prominent economists like Joseph Stiglitz say more stimulus is necessary to drive the economy forward. A jobs program focused on the nation's hardest-hit regions could have an impact. Nationally, 1 in 5 construction workers are unemployed. According to the American Society of Civil Engineers, the nation has $1.5 trillion in unaddressed infrastructure needs. "Clearly there are projects that need to be done," says Shierholz...
...personal testimonies that the propagandists really hit their stride. In the preface of a 220-page paperback titled A Young Man's Memoirs on His Escape from South Korea, the author writes, "I deserted the south, which is regarded as a burial ground for human beings, and went to the blissful land of the north." For good measure, he adds, "South Korea is a living hell unfit for human habitation." (See rare pictures from inside North Korea...