Many people have not yet felt the impact of the economic recession we are in. For those of you who don't understand how Wall Street is affecting Main Street, just look at the how unemployment has sky rocketed over the past month. In November of 2008 alone the United States has lost about 533,000 jobs, over half a million. This brings the total job loss of this year to 1.9 million. Unemployment has jumped to about 6.7% on a nation wide average, with some states doing much worse than others. Jobs have been cut in a variety of industries ranging from manufacturing to leisure and hospitality to construction.
This is one reason why President-Elect Barack Obama beleives this country may need another economic stimulous package in addition to the 700 billion dollar package that Congress passed a couple months ago. With Obama's plan he aims to create and save about 2.5 million jobs in America over the next two years, a job well worth doing. Obama is optimistic, yet at the same time realistic, recently being quoted as saying that "there are no quick and easy fixes to this crisis, which has been many years in the making, and is likely to get worse before it gets better".
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