America's unemployment crisis isn't going to be resolved anytime soon and could leave a lasting mark on the country's psyche, writes Don Peck. Half-hearted stimulus measures are only making matters worse, threatening to plunge the U.S. into an irreversible nosedive, Peck argues. "We are living through a slow-motion social catastrophe, one that could stain our culture and weaken our nation for many, many years to come," he writes.

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