Friday, August 5, 2011
Spiraling Down
To all but a small band of very wealthy Americans, the country is in a state of
stagnation. Any stall or downward spiral of the economy could cause a very bad
double dip recession.
The President is reduced to talking about 100,000 jobs for veterans if he gets
business support. This is a drop in the bucket.
He spent far too much time on his health reform plan and its passage, and far
too little energy, political capital or money on a jobs program. We've got the
worst structural unemployment problem (millions out for over 40 weeks)since 1952.
We can all abandon hope because that train has left the station.
Fasten your seat belts, it's going to be a bumpy ride to November 2012.
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There still are an estimated 23M millionaires in this country, enough to keep the "best" stores open and isn't that the American Dream: I want that! Doesn't matter that we can't have it, we'll just go back to Wal-Mart and dream some more with Chinese written all over our backs. I guess garduates from Harvard do not think of the un and underemployed who Obama has worked with. No one has wondered why he quit being a community organizer and went ambition hunting where the power is, leaving his own folk behind. But he campaigned like he was still in the streets of Chicago. He lied! We were fooled!
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