With ginormous loss of jobs, we may be headed towards the worst recession in US history since World War II.  Look what former labor secretary Robert Reich says:

We are falling off a cliff. To put these numbers into some perspective, the November losses alone are the worst in 34 years. A significant percentage of Americans are now jobless or underemployed — far higher than the official rate of 6.7 percent.

Not good. Not good. Brace yourselves, and get ready for this long ride downhill…