Tuesday, November 24, 2009

Unemployement - why won't Obama act?

This is a good piece about the wreckage that is resulting from high unemployment and how Obama and his team are not acting. Rest assured this isn't a Glen Beck, or Sarah Palin attack from the right, with only a lose foundation in reality. This is coming from a left-wing icon, Arianna Huffington of The Huffington Post. Mr. Obama the time for action has come.

Unemployment damages the economy through the loss of consumer spending, but it also hurts those that have jobs. Companies have the ability to force workers into part-time shifts and to pay them lower wages.
The members of the Obama administration may not be attending a birthday party at John McCain's ranch in Sedona or shopping for expensive Ferragamo shoes in New York as a great American city is destroyed, but their decidedly lackadaisical response to what job losses are doing to multiple great American cities raises the question: will unemployment be Barack Obama's Katrina?
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