Market Overview

Chronic Unemployment Crushes Health


Chronic unemployment undermines a person’s sense of freedom in a free society. That is one of the reasons the extended economic downturn, in its third year and perhaps still in progress, has done such a great deal to harm the morale of average citizens. Many jobless people have now lost their unemployment insurance benefits and it is unlikely that Congress will help them out.

Voters have become surly about growing national deficits and incumbents are afraid.
The number of people without long-term government support is about 2 million now and will increase by as many as several hundred thousand a month. The total will be more than 3 million at the year’s end, barring some miracle.

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