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The Great Recession was a near-global phenomenon that left many unemployed in its path. Indeed, the numbers of long term unemployed (many of whom dropped out of the labor force between 2008 and 2012 and therefore are not accounted for in the current unemployment rate) in the U.S. is at record levels. Many nations, such as the U.S., reacted to the Great Recession with huge spending increases, largely transfer payments with very small net multipliers. read more at omicsonline.org/public-policies-for-the-21st-century-guidelines-for-the-us-and-elsewhere-2151-6219-1000141.php
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