Welcome to the recovery!
That's what Treasury Secretary Timothy Geithner wrote in the New York Times this week. And such good news! We've all been waiting to be told that the economy was improving, after all.
Consider: Conan O'Brien, surely one of the nation's most famous unemployed folks, just made $25 million, one of the highest prices paid for a Manhattan apartment this year. Someone's buying -- even if they got a bit of a break. The apartment was originally listed for $29.5 million!
Geithner noted, “We all understand and appreciate that these signs of strength in parts of the economy are cold comfort to those Americans still looking for work.” Indeed, Geithner doesn't want his declaration of Mission Accomplished over the economy to go the way of that other one. It's a confusing clutch of contrasting news coming to us courtesy of the NYT. Geithner on the Op-Ed page, Conan in the real estate section - and on the front page Michael Luo reporting on the “99ers,” those unemployed people who have “exhausted the maximum 99 weeks of unemployment insurance benefits."
There are about 1.4 million of them, including Alexandra Jarrin, who's profiled in the piece. She's living in a motel off borrowed money, applying for jobs to pay off her student loans and unfinished M.B.A. She's had her first job interview in over a year this past week.
But hey, someone tell her that the economy's recovering! Conan sold his condo! Surely it won't be long now...






My son has been trying to get a job for over 2 yrs. He spends at least 2 hours a day on the internet looking & applying for work. He gets through the 2nd & 3rd interview then is told that they are going to hire from within. But hey the 15 or so people who have interviewed him have jobs, right? Life goes on and the rich get richer and the llittle people (especially if you are in your late 50ths) get screwed. I thought when Obama got elected things would get better. Working with the party of NO is bad enough,but keeping the same people in office who helped create this mess is making things worse. And Conan O’brien is one of the least talented on TV. 25 million? He and the people who pay and support him are all criminals in my book.
By Marilyn Herrmann on August 7th, 2010 at 3:42 pm
I’m too angry to say anything more.
By Marilyn Herrmann on August 7th, 2010 at 3:43 pm