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The problem of a financial recovery is that it so often involves putting people out of work. Good for the company, but the worst thing for the economy.
You can't have a jobless recovery when recovery relies of domestic consumption. you have to revitalise the middle classes and that means reversing 40 years of bad faith from government.
It's why UK isn't recovering, we don't have domestic spend cos wages are depresed and all the govt is doing is throwing money at the top and expecting "trickle-down"
Hello !! Earth to Gordon Brown !! Trickle down doesn't happen, it's a self-serving myth to justify wealth capture. They scrape out the fat and give it to themselves in bonuses. But nobody is saying we have to raise employment and wages. It's all cuts, cuts, cuts and until that changes the UK will short its recovery. keep to the Fen Causeway
I just hope Obama can figure it out in time. NOT because I am so enamoured of him, but because fixing the mess would be easier with Dems in control of all three elective bodies. Continuing to forebear much beyond January, 2010 will likely doom the Dems in the fall and I see little chance of improvement with a divided House and fewer Democratic Senators. "It is not necessary to have hope in order to persevere."
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