The war on the middle class continues. The unmitigated disaster that is 8.8% unemployment continues unabated. That's millions and millions of Americans who will suffer poor health, stress, depression, unhealthy diets, poor performance in school, and a huge decrease in quality of life.
Unemployment buys us mediocrity, not exeptionalism. Unemployment is our road to the bottom. The Fed has just declared that it is more important to preserve a low inflation rate benefiting the employed and the employers rather than stimulating job growth by helping the middle class. Once again the choice has been made... the middle class is toast.
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