17.5% Unemployment

According to Paul Roberts, “. . . reported job losses are likely understated. . . biases in measurement have understated the job loss over the last 12 months by 1,150,000 jobs . . . According to the methodology used in 1980, the US unemployment rate in December 2008 reached 17.5 percent.

Recently, Bill Gates of Microsoft was pleading with Congress to allow even more foreigners in on work visas. According to Gates, there is a shortage of American workers, despite a 17.5 percent unemployment rate. I personally know American computer engineers, both seasoned and recent graduates, who cannot find jobs.

What Gates and American corporations want is cheap labor, in effect indentured servants, unprotected people who don’t demand an American standard of living and who have no student loans to repay.

If Congress expands the work visas as US unemployment mounts, we will have one more piece of evidence that ‘our’ representatives have no sympathy for the American people.”

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