I attribute the depth of the jobs hole to all of us - we created an enormous multigenerational housing bubble and the longer it went on, the bigger the pop. But the lack of progress to the right of the dotted vertical line I attribute to the current administration's absolutely perverse preference to do all that it can to destroy business and consumer confidence. The capital strike continues apace and so long as the Obami control the levers of national power it won't get better very fast.
When Obama was elected he handed out histories of FDR's Presidency. At this point he's followed the FDR playbook to the letter. How can someone who is so well educated be so ignorant?
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