Our economic conditions are not improving. Ponder some of the following data released today:
- Just 58% of working-age Americans has jobs, lowest since July 1983!
- Food stamp use rises to record 45.8 million individuals, or about one in every six Americans.
- Average length of unemployment reached a new all time high of 40.4 weeks in July, up from the previous record of 39.9 in June.
- Fannie Mae needs another $5.1 billion in aid from the Treasury. So far, it has received $103.8 billion.
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