The latest economic data have dashed any hope of a quick end to America?s job drought, which has already gone on so long that the average unemployed American has been out of work for almost 40 weeks. Yet there is no political will to do anything about the situation. Far from being ready to spend more on job creation, both parties agree that it?s time to slash spending ? destroying jobs in the process ? with the only difference being one of degree.
Paul Krugman
Nor is the Federal Reserve riding to the rescue. On Tuesday, Ben Bernanke, the Fed chairman, acknowledged the grimness of the economic picture but indicated that he will do nothing about it.
And debt relief for homeowners ? which could have...
Related Topics: America
Source: http://www.realclearpolitics.com/2011/06/09/who_benefits_from_continued_economic_misery_257051.html
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