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Don’t Get Your Hopes Up

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I agree with Dean Baker that the 7.7% unemployment rate is likely a blip that will rise right back up with the cascading impact of the sequester and continued decline in public sector work. Not to mention other fundamental issues such as people simply leaving the workforce, the rising debt crisis combined with a lack of jobs for recent graduates, and other long-term problems with our economic system that no Republicans and only a minority of leading Democrats are really willing to face or even talk about.

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