The Road Ahead: Unemployment, Poverty and the Recession

Complete video at: http://fora.tv/2009/09/08/CAPITAL_Lawrence_Mishel_on_What_the_Economy_Needs_Now

Lawrence Mishel, President of the Economic Policy Institute predicts that, because of the recession, "over a third of the people are going to be unemployed or underemployed at some point in 2010." He argues that, as a result, poverty rates will spike, with over half of African American children living in poverty.

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Lawrence Mishel, president of the Economic Policy Institute, delivers a concise and cogent look at the economic crisis, how we got here, and how to get out, barring the hackneyed platitude "tough it out, America." - Momentum Conference

As President of the Economic Policy Institute, Lawrence Mishel is a nationally recognized economist. He has researched, written and spoken widely on the economy and economic policy as it affects middle- and low-income families. His areas of expertise include income distribution and poverty, labor markets, industrial relations, technology and productivity, education, wages, unions and collective bargaining. Mishel is regularly called on to testify and provide economic briefings to members of Congress and appears regularly as a commentator on the economy in print and broadcast media.

He is principal author of a major research volume, The State of Working America, which provides a comprehensive overview of the U.S. labor market and living standards. His is now dedicated to sounding the alarm about the high and persistent unemployment ahead, its damaging impact on many communities and the need to generate more jobs and provide assistance to families so they can weather this storm.

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[RenegadeTimes]

1% of the elite's own 41% of the world.

The Queen = 33 trillion dollars.

You heard it right..

26 people own 21% of the planet.

Who's fucking who ?

[blackiron60]

To state the obvious: Just because the recession may be ending for the big shots doesn't mean that it will be ending for the majority of us - most people will be living with the effects for years to come.

[artsychic2000]

cdc will step in and take care of those children whose parents can't. That means more child sacrifices and more pedophilia goings on for the powers that be. WAKE THE FCK UP PEOPLE!!!!

[artsychic2000]

@badsign1980 she they serve satan...and so far it's working out well for them...but not for long.

Jesus is coming back and he says that he will destroy them that destroy the world. Look it up. Everything he said would happen is happening. We put our faith in money which is paper..put your faith in him. He's coming back soon.

[OPOCHKA]

@badsign1980

You all voted for that muslim Obama, the USA economy is now about to collapse.

[badsign1980]

the queen of england loves their subjects so much uk is broke and she dosent give one penny for the citizens that die for her ugly cunt in two world wars and other 10... built and give their lifes for her, brits are dumber then usa, they dont get the more you give them the more they want, we give our monarchy what they needed, and deserved: couple bullets in the head, after they bankrupt the country a 2 time!!! related to the queern of england must be the genes...-

[MrHoppers002]

these numbers are about right today

[MstrMnd420]

@Pitviper1979 Hell ya man im happy for u about the new gig. glad u like it!. Its hard out there but just gotta not give up till u get it = D

[brahud]

"Who's fucking who doesn't matter"....the "blame game" never works. I am making twice the amount of money now that I was making in a nursing home (health care....another issue). I now work in the Ethanol industry. If you want to ensure your future.....move into the "new economy" of renewable energy. Learn as much as you can about it and go there. I have been blessed through a series of circumstances....but I am better in this "bad economy" than I ever was when it was good... go figure.

[tarantula152]

Get ready for homelessness, it will happen.

[escapeout]

@RenegadeTimes Dude, the Queen owns 33 trillion dollars? could please show where you got this from cause this is a little hard to believe but I'll keep an open mind if you show me your source.

[fargley001]

@RenegadeTimes

26 people own 21% of the planet? Who are these people, what are their names? I'm curious where this figure comes from. Can you please cite a source?