By Peter S. Goodman updated 5:15 a.m. CT, Sun., Feb. 21, 2010
BUENA PARK, Calif. - Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.
Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed.
Call them the new poor: people long accustomed to the comforts of middle-class life who are now relying on public assistance for the first time in their lives — potentially for years to come.
This is really scary stuff. It will be a drag on any recovery. Companies are still moving more work overseas. People with jobs are going to cut spending, worried they might be next and also will be under pressure to help laid off relatives.
why hasnt obama done anything else to keep jobs in the states?
