Pretty sure new Fed numbers coming out are claiming that unemployment is expected to be at 8% by 2012. Krugman recently stated that there is no actual plan or outline for recovery. Welcome to our very own Corporatocracy! After only 40 years of "gubmint is evul" and severe widening of the income gap we can call it our own.

Full employment is 5% unemployment. Fully expect that number over the next couple years to change to like 8-10% unemployment. At what point are we considered a second-world country? And if oil production is anywhere close to EIA forecasts (which they will be), we'll be finding that our L shaped recovery will turn into an obtuse angle and continually bleed the non-rich, and devastate the US middle-class even more quickly than current.