I got myself in trouble the last time I discussed politics, so I'll pass on the "Commie" thing.
I will say that it's a slaughter here in the United States. I went to one of the best law schools in the East and classmates much smarter than I am were sending out hundreds of resumes - still getting "dinged". And this was in 2007-2008, at the beginning of the downturn. After October 2008 it became a nightmare - one of my profs who's been a lawyer since the early 1970's said she's literally never seen anything like this.
I managed to get a fairly well paying position at a firm (I'll be starting on Monday) but I consider myself fortunate. Lots of grads my age are temping for $30,000 a year, doing volunteer work, & "seeing the world" if they have rich parents. Or "marrying up" to rich yuppie men (despite my good looks, I don't seem to have that option.)
I myself had to work part time from home for months, and put off my bar review for one year (took it & passed in July 2011). In a better job market I would have been a summer intern at a firm starting in my 1L year.
I have sympathy for my classmates who bought into the big law dream and got burned. Nevertheless, I blame myself for not doing my homework before going to law school. Also, I'm not too sure that sueing the law schools is the right way to go about redressing whatever wrongs may have been committed. Ironic coming from me, I know.