Reich: Unemployed Could Soar 40% to 35 Million

[bobbyw24]

Economist and former Secretary of Labor Robert Reich says that unless the government takes swift and intelligent action, the number of unemployed could soar from 25 million to 35 million, and President Barack Obama's jobs plan doesn't cut it.

"I would rather that (Obama) came up with a jobs plan that the Republicans would have opposed anyway, rather than the marginal plan" he proposed for the sake of getting Republican agreement, Reich told The Minneapolis Star.

http://www.moneynews.com/StreetTalk/...9/12/id/410567

[Fox McCloud]

Considering this is coming from Robert Reich (an extreme leftist), I strongly question his figures.

[ItsTime]

You mean there arent already 35 million unemployed?

[wannaberocker]

Will they count Reich as "Half"? . I know, its a lame joke, but i just couldnt resist.

[wannaberocker]

Jokes aside. Im thinking that Reich is saying we need more stimulus, more spending, higher taxes, lifetime unemployment benefits etc in order to stop higher unemployment.