As I’m about to join the ranks of the millions of unemployed, I’m looking around and trying to figure out where the next job is. And the prospect of being employed in Michigan isn’t only daunting, it’s downright depressing.
While the national unemployment rate is 8.1%, Michigan’s rate is a staggering 11.6% and rising. CNNMoney reports that job loss for 2008 was 2.6 million with 1.9 million in the last four months alone. So far this year, the stats are just as grim: January saw a job loss of 535,000 while the February job loss was 651,000. Nationally, there are 8.9 million people looking for work.
Add one more…me.
But what about the “shovel-ready” projects promised by the American Recovery and Reinvestment Act? Unless you are in the road-building and construction business, you’re out of luck.
Personally, I think that the shovel-ready projects promised by President Obama, Congress, and enacted through the pork-bloated American Recovery and Reinvestment Act is a lot of smoke & mirrors designed to pacify the populace by sending the message is that government cares. There’s another, more graphic opinion below:
So far, I haven’s seen anything for the small business owner except for higher taxes, and the government is wanting large businesses to get their act together. Of course, the big business’s Pavlovian response is to cut people, which just exacerbates the unemployment problem.
And I’m not holding my breath for any relief anytime soon.