The mainstream media are so desperate to portray economic trends in optimistic terms that a lot of our current malaise is left unexplored. I think this is especially the case with respect to unemployment. The scope of the suffering created by large-scale long-term unemployment has somehow failed to register. The real unemployment will never get in the books, so to speak, at least so long as a Democrat is president and an election is looming.
It’s getting old, saying “What if a Republican did this,” but that does not make the problem any less acute or monsterous. You really need to read the whole thing. It’s eye-opening and depressing.