Tuesday, July 12, 2011

The Great Unravelling

Friday's jobs report threw more cold water on so-called recovery. Since 2008, Main Street America's been in  Depression.
Conditions have worsened, not improved, because of force-fed austerity, not badly needed stimulus to create jobs, reemploy people, and revive real economic growth, not the illusory kind since the National Bureau of Economic Research (NBER) officially declared June 2009 the end of recession.
At 11:05AM on July 8, Obama commented from the Rose Garden, doing what he does best - dissembling and distorting reality to conceal what's going on and why.
His best shot was saying:
"We still have a long way to go and a lot of work to do to give people the security and opportunity that they deserve."
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