Friday, November 06, 2009

Warren Says Bankers Rescued Not People

Elizabeth Warren, appointed to oversee financial markets, is now the left's hero, particularly over at the Huffington Post, where bankers are loathed.
Republicans say we shouldn't have rescued anyone.
It would've been interesting to see how things would've turned out if the financial system wasn't rescued.
Everyone has their own agenda and theory on unemployment. I'd say it has a lot to do with the fact that manufacturing is largely gone and it will take a while to replace our traditional manufacturing jobs with new green manufacturing jobs.
Realistically, unless more stimulus is spent to create more jobs, we're just not going to see a big job growth. That's because we're reckoning with a new economy and a new consumer, who isn't out shopping all the time, even the ones who have a job. Our economy is in the midst of a giant shift.
There isn't anything that anyone can do, short of spending boat loads of money, to grow jobs any faster, which means rightly or wrongly, Obama will be blamed for lagging jobs.

See Warren's reports here.
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