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Unemployment and the Deficit: The Disconnect

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Unemployment and the Deficit: The Disconnect

Post by Guest on Sun May 08, 2011 8:42 am

A recent Gallup poll shows that Americans view unemployment as the biggest economic problem facing the country. So why are Republicans letting Tea Party zealots put out in their name a draconian plan to cut the deficit that would do nothing to bring joblessness down?

The Tea Party's focus on deficits is not about jobs. To the contrary, it is a way to shift attention from the real cause of joblessness -- egregiously greedy behavior by the American financial community and anti-regulation regulators -- to the government.

President George W. Bush learned nothing from his father's experience. He and Alan Greenspan, the overrated chairman of the Federal Reserve, stood by and cheered a much larger financial speculation in housing from 2002 to 2007. The Great Recession that followed is the reason the U.S. has 8.8 percent unemployed today.

http://www.huffingtonpost.com/paul-a-london/unemployment-and-the-defi_b_856987.html

Guest
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Re: Unemployment and the Deficit: The Disconnect

Post by suri on Sun May 08, 2011 3:17 pm

My observations exactly! The runup in housing was all malnipulated by Bush to improve stats during his admin. Devil be damned the consequences --- RECESSION, but not on his watch! Twisted Evil

All the evil intentions were allowed for Wall St and Big Banks but the average American worker is kicked to the curb in the name of GREED! No

IF President Obama doesn't have the courage of his convictions to improve and sustain the middle class with unemp ext and housing programs, we will continue to sit and wait for help that never comes...

suri
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Join date : 2011-04-05

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