Laid Off Workers Not Doing Enough to Help Economy
WASHINGTON—With the DOW closing just above 7,850 on Friday, economists are predicting that the worst has yet to come. A mortgage crisis, depreciation of the dollar, and a failed economic policy by the Bush administration are largely to blame for tough economic conditions. With companies forced to cut down on spending, laying off workers was inevitable. Unemployment has reached its highest rate in years, 7.6%, that according to the United States Department of Labor.
Spokesman for the Department of Labor, Shaun Chandler, was reluctant to share some of the government’s findings on the struggling economy. “Things are not looking up right now,” he stated in a press conference on Friday. “The federal government is doing everything in its power to sort through this mess and eventually bring relief to the people.”
With a very capable workforce unable to receive a paycheck, Chandler was asked when the relief would come. “We’re really working on it…You know, we can’t do everything here. I know there are millions without work, but it is not exactly like they are helping themselves.”
A new study by the department found that laid off Americans were not helping their situation. The study determined that 78% of those no longer receiving a salary “are doing very little to help the struggling economy.” Director of the study, Samuel Chastere, explained that “These laid off whathaveyous are not putting any money into the economy. If they don’t start buying things, I’m not sure we’ll ever get out of this mess.”
Betsy Schlieden, who recently retired from United Airlines, believes the unemployed are to blame for a weak economy. “The unemployed have abandoned their patriotic duties. They are spending far less than the people with jobs.” The unemployed have, however, helped one industry in particular. The alcohol industry has shown impressive numbers early in the first quarter.