Locally, it seems a lot of people are guardedly optimistic about our economic chances. Some even claim that we'll be able to start putting this momentary downturn behind us by around February next year.
Are these people morons???!!!
In the US, the big recession boiling pot, more than half a million jobs were lost in the last month. In less than 12 months nearly 2 million jobs have been lost, two thirds of those since September. The goal of the new Obama government will be to create 2.5 million jobs over the next two years. That's barely the re-creation of jobs lost in less than one year. Just jogging on one spot to almost (or not even) keep up.
It's a long way from being over folks. It can only get worse from here.
US Loses 533,000 jobs