Wednesday, June 1, 2011

Obama promised his masters there'd be no recovery

(Death of the Witch of the West - Dorothy, off-screen: "But I didn't know there was any Glass-Stegall in that bill.")

Jared Bernstein, Vice-President Biden's top economist, who has been in the Obama Administration from "Day 1" until his resignation earlier this month, revealed in his blog today, "There will be no WPA-type programs in our near future. There was no appetite for them in the Obama Administration in the midst of the worst recession since the Great Depression, and there's a lot less now. The reasons for that are interesting, and I'll speak to them another day. But it ain't happening."

It just so happens that such programs are the only thing that WILL save the economy, combined with federal credit poured into actual productive activity instead of into paying bankers' gambling debts. The fact that Obama forbids them is precisely why there hasn't been a recovery. He's a confessed traitor.