Thursday, November 20, 2008

Jobless Rate of 4 Million people: Let's put that into perspective

Can you even imagine how many people are 4 million people? It's unimaginable! For example, they are predicting that about 4 Million people may show up for the Inauguration of President Obama on Jan. 20th and they have no idea how to manage that crowd size. Here's another way to consider it. Think about where you live, the town, or city or county and think of how many people live there and then imagine they were all unemployed. Imagine if all the people coming to the Inauguration are all unemployed when you watch it on TV to get a sense of the impact of this many Americans looking for work.

NOW THINK ABOUT THE FACT THAT MOST OF THESE PEOPLE ARE PART OF A FAMILY OF ONE OTHER ADULT AND, MOST LIKELY, 2-3 CHILDREN. Then imagine their extended family of maybe 20 other family members who are struggling and want to help that unemployed family but find themselves struggling too.

You see now why we can't let the Auto industry collapse during this financial crisis brought on precipitously by Wall Street greed. The rescue won't be enough, as the industry needs to go through massive change. But this helps us by some time and get focused on a job stimulus by President Obama.

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