what do you think the real reason for such high numbers in unemployment rate in america today?

Just a wild guess, but I'd say it had to do with companies not needing as many people to support declining profitability.

Complete lack of demand for goods and services which was hastened and made worse due to the housing crisis.

When people are in debt they spend less and try and save more. When people spend less, demand for goods and services declines. When demand for goods and services declines people are laid off. This is one of the main reasons for the high numbers of the unemployment rate in America today.

Economist Harry Dent figured out and wrote in "The Great Boom Ahead" that recessions and depressions are caused by the dominant generation passing it's peak spending years, which is ages 45 to 50. By then their kids are out of the house and out of their wallets. They start saving for retirement. Savers don't boost the economy.

The Great Depression was caused by the Henry Ford generation passing peak spending and it was cured by the Bob Hope generation moving into their peak spending years.

Our current situation is caused by the Baby Boomers passing their peak spending and it will be cured in about 8 to 12 years by the next generation entering their peak spending.

New Deals and stimulus packages have only transitory effects.

Aha, Bored Goblin is really Phil Gramm. Now it all makes sense. :-)

No, seriously.

Deregulation.

Free trade.

Obama.

Too many H1b visas and illegal workers have flooded the labor market, and there aren't enough jobs to go around.

No, Obama did not start this. But he hasn't done anything to end it. That's what we elected him for.

aliens of course. All this talk about recession and people buying less is just propaganda.