'What about Bob?' is a old comedy movie where 'Bob', taking his pet fish 'Gill', follows his therapist going on vacation.
Once you were Bob's therapist, you could not escape dealing with him.
The Second Great Republican Depression JOB LOSSES are following the Obama economic team of Larry Summers/Tim Geithner Weasel around as persistently as Bob following his therapist.
JOBS are disappearing in America as fast as water in a Phoenix summer.
Every month now America sets new records in unemployment.
The U3 (the 'happy talk' number) is bad enough, but the U6 (the 'real bad news' number) is far worse.
So when do we start addressing Bob JOBS? Screw the banksters and Wall Street Weasel feeding apologia, what about Main Street?
Make the jump...
Shopping malls are full of empty storefronts, not to mention the 'downtown' areas. Commercial real estate companies are going bankrupt.
There are another 2 million home foreclosures coming and not all are subprime mortgages.
As a general rule, folks without jobs don't go shopping, they don't eat out, they put off medicine, doctors and dental work, they can't pay their mortgages, and they often go bankrupt.
Folks in bankruptcy proceedings can be 'out of the economy' for FIVE YEARS thanks to the likes of corporatist 'Dems' Ellen Tauscher and Joe Biden.
The government is STILL not addressing the Main Street JOBS question nearly as seriously as they worry about bailing out RICO Wall Street enterprises, and covering up for fraudster crimes.
The USA's main economic problem is lack of DEMAND causing deflation and depression, not shortage of SUPPLY which causes higher prices.
We simply must recognize that we have passed a tipping point where working class America must be put back to work. Further collapse is inevitable if working class Americans are completely dispossessed.
RMD