Economic pressure on average Americans
A higher percentage of the American population is receiving government benefits than ever before, according to The Economic Collapse website.
The website has listed 16 statistics which show that the number of Americans dependent on the government is at an all-time high.
The Federal Reserve sees the unemployment rate going no lower than the 8.5%-to-8.7% range by the end of 2012, according to the Investment News.
In essence, the Fed is saying that both the GDP growth and unemployment will remain at unacceptable levels. By extension, the central bank is also saying there is not much that monetary policy can do about it.
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