Not only is he building straw men here, he is throwing out ad homs in a hysterically over the top manner. This article is proof that even idiots can own a blog.Let’s take a look at each of these misguided viewpoints. Establishment economists working for the left-wing contingency of America’s fascist government claim that the high unemployment rate is merely a consequence of cyclical unemployment, which is related to changes in demand that occur through business and economic cycles. During the first two years of the Obama presidency, the cyclical unemployment argument was unanimously accepted.
In contrast, establishment economists working for the right-wing contingency of America’s fascist government claim that the persistently high unemployment rate seen in the U.S. is due to structural factors. Thus, according to these hacks, the lack of growth is due to what is known as structural unemployment. More recently, the structural unemployment argument has been disseminated for the sole purpose of increasing the momentum of the Republican Party going into the 2012 elections.