Peter Schiff’s “There is no “jobless recovery,” only senseless cheerleading.”

Peter Schiff writes about the recent claim the economy is “stabalizingin his The Recovery that isn’t.  With an estimated 17% unemployment rate, stabilization is not reality.

Schiff:

Those who do cling to the absurd belief that, absent exponential productivity gains, the economy can expand while workers are being laid off will undergo a massive test of their convictions now that it’s clear the employment picture is bleak.

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