Video - Obama's Jobs Speech Before Congress - Sep. 8, 2011
Guess what? It's not going to pass, and it wouldn't help, even if it did, despite genuflection from Geithner. Repeat after me - we are in a depression created by easy money and a 30-year debt bubble that grossly distorted housing prices versus median incomes, and until housing falls back to historical norms, and bank and household debt deleveraging run their course (5 more years if we're lucky), the economy will not recover, Keynesian delusionsaries Krugman, Delong, Romer, Reich, Galbraith, Stiglitz, Koo, Bernanke and Obama be damned.
The full speech is below for anyone who can tolerate it.
(Reuters) - A jobs program in the Southern state of Georgia, cited in President Barack Obama's plan to fight unemployment, needs big fixes and would not work as a federal initiative, says the official who runs it.
http://www.reuters.com/article/2011/09/09/us-obama-jobs-georgia-idUSTRE7880LV20110909