U.S. 'DROWNING IN UNEMPLOYMENT,' SAYS FEDERAL RESERVE MEMBER ..ONE in FIVE AMERICAN MEN NOW OUT of a JOB , RECORD HIGH 88,921,000 AMERICANS no LONGER in the U.S. LABOR FORCE ..

On Friday, Dallas Federal Reserve President Richard Fisher said the U.S. is "drowning in unemployment" and that the Fed's monetary easing was not the solution; certainty on taxes and regulation are what's needed to jump start hiring. 

"A short-term fix to the fiscal cliff will do nothing but push out the envelope of indecision and we will continue to be plagued by high unemployment,"  Fisher said.  "We've had a recovery that is quite disappointing....We've never been here before so none of us know how we're going to navigate out of this particular quadrant of the liquidity pool in this ocean of money. And what I'm concerned about is that we may be painting ourselves into a corner

 long-term unemployment remains at historic highs, with one in five American men now out of a job and record high 88,921,000 Americans no longer in the U.S. labor force. 

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