Dean Baker

tries to explain why it is the unemployment situation is worse now than in the past and why our system of UI benefits is inadequate to deal with it.

I'd say, though, the real reason the situation is worse is because we offshored so many of our manufacturing and service jobs overseas, and there is little in the way left for workers in this country.

Our corporate "leaders" are so stupid, greedy, and shortsighted, they don't understand what Henry Ford knew a hundred years ago and that's you have to pay your workers enough money to buy the products you make. Nowadays we don't make anything; we undercut living standards here while the people making the things overseas don't make enough to buy the products. In the end the economy will collapse because nobody can buy what companies are selling.