Quote:
Originally Posted by pj67coll
This is not news. As many have said already there will be no bounce back from the bottom of the pit. Instead it will be a long period of bumping along the bottom of the trough. With the US manufacturing sector eviscerated and the jobs going overseas there will be no recovery.
- Peter.
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Exactly right. The unemployment bubble has been a long time in the making. It's not Obama's fault. The Government is not responsible for creating private sector jobs.
I believe Obama and the Fed's have done just about everything they can to stimulate the economy and private sector hiring. Unfortunately, there isn't much more they can do. It's up to American businesses to start hiring, not the Government.