The unemployment model in Europe is taking shape in the United States. When you look at historical unemployment rates across the pond you will understand why President Obama ‘fears’ the U.S. economy could enter a ‘new normal.’
The dirty little secret here is that this isn’t his fear. High unemployment is incidental to his goal. It is the community organizer’s way of moving forward with his agenda to ‘transform America.’
It is what happens when the government leans socialist and labor is pretty much owned by unions rather than a free market. It is no coincidence that Andy Stern, the president of the SEIU, is the most frequent guest at The White House. And they are nowhere near finished. The end-game where SEIU is concerned is to have taxpayers bail out the union’s underfunded retirement programs. Next up, Card Check. One step at a time.