US economy only shrank 0.7% and this is suppose to be good news. Folks, we are in trouble. The economy is still shrinking and jobs are still being lost. Latest projections are that unemployment will increase next year as well. What we need is more jobs not less. Sadly, our economy must grow at least 2% for job growth to occur. Well, guess what, our severe economic recession is not over, and time is running out.
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