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Originally posted by dolemitejb:
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Unemployment won't improve until there is a positive business atmosphere i.e. when Obama is long gone.
Obama is not the cause of unemployment. To claim such a thing is silly and shows a real lack of knowledge with regard to the economy.
Despite the trillion already spent, the economy has improved, but little.
Japan is the poster child for NOT borrowing and spending to improve an economy. After their real estate bubble burst (at one time the imperial palace complex was valued at more than the total value of real estate in the US), the Japanese spent and spent on infrastructure projects. Practically, every inhabitant could have a road, bridge or rail line named after them. The result is a national debt twice the GDP and a moribund economy. Savings accounts pay 0.05 percent, postal savings accounts pay 1 percent and Japanese treasury bonds pay 1.25 percent. The Nikki is not a great place to invest in stocks. Japanese are investing in US Treasuries to cover their own retirement -- talk about desperate.
Japan dropped from the second richest economy to the third. Their work force is aging rapidly and their workers are rated at 70 percent of the efficiency rate of US workers because of age.
Similarly, the EU nations have stopped stimulus and are trying to reduce national expenses.
Yet, Obama wants to keep spending. To keep doing the same thing, while expecting a different result, is a sign of insanity.