Sad Statistics But Soaring Hopes

Sad Statistics But Soaring Hopes

http://www.usatoday.com/money/economy/2009-02-06-job-losses-january_N.htm

‘For the first time’ in 16 years, the unemployment rate reached 7.6% in January 2009. ‘For the first time’ since 1974, employers laid off 598,000 workers. ‘For the first time’, the unemployment rate rose by 54% in one year.

December 1982 was the last recession in US history. And that is a long time ago. But these ‘many firsts’ today remind us that history repeats itself. What goes round, comes round, one day.

Recession has snarled and sneered at us many times in the last few months. Now, it’s time to sock it on its face. Let’s get geared to tackle recession head-on. The government is out to lead the way. Let’s make a beginning.