You've heard how the American economy is "recovering," and how our economic situation is "improving." Well, a Bloomberg story today puts a sobering shadow on the manufactured good feelings. According to the article, which I first spotted in the financial blog Zero Hedge, 62,000 job applicants will soon be flipping burgers at McDonald's. Unfortunately, over 900,000 got the frosty mitt from the producer of Happy Meals.Ah, well, there's always the underground economy.
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