How many people get to play with the lives of 300 million people, and maybe the world's population, to see if their PhD thesis works?
Yesterday the Labor Department released its monthly jobs report and the nation’s unemployment rate rose to 9.8 percent, the 19th month in a row that the unemployment has been over 9 percent, a post–World War II record. Obama used to wave the figure of 8% unemployment on his fear flag of "hope and change." But B & O (Bernanke and Obama)have the Great Depression to look to for a guide, don't they? It seems the only problem these people see with the FDR years was that the government didn't interfer enough with more, and that's why FDR extended the problem for a decade.