Bonuses may be the norm at Goldman Sachs, but the 9.5% national unemployment rate tells another story.
Optimists may be hoping for a jobless recovery, but its hard to see any genuine recovery occur anytime soon, given the downward pressure on wages and the continuing job losses.
Just imagine explaining Goldman Sachs' record bonuses to the people in Michigan!!!
Here was my post on April 18, 2009
Below are the June 2009 figures: