Thread: unemployment

Originally Posted by magyar1045

Bankruptcy lawyers will get richer.

That and the lawyers that will be doing class action lawsuits against all the financial companies

The bailout money could have been put to better use by creating a "New Deal" style of employment where the government would hire us for things. I think that would have been much better use of the money instead of bailing out the top tier of society, which is what it was. The average Joes had their savings FDIC insured, we didn't own mortgage securities. The real people it is helping are the wealthy. That's not going to help the country. Trickle down economics obviously doesn't work. We are going to need to help out the middle class and create jobs for them if we want this country to turn around.

Originally Posted by sputNick

Well what will be done to turn this around?? I love Obama but he only has so much power and I don't know how he will bring back all the jobs we need here.....Don't we have something like 20 mil less jobs than under Bill Clinton?? That is a lot of jobs to create.

Obama or McCain, Biden or Palin nobody is just able to fix this entire mess in a couple of weeks. It took 8 years to get us where we are now so it will take at least twice as long to fix it entirely. Yes we went from a surplus to a huge deficit however now all of us, Democrats or Republicans have to pull on one and the same string otherwise we can't fix it.

It will take a long time to fix. It will take Obama's first term and maybe a second term to undo and reverse all the legislation Bush did alone. Not only does he have to do that, but he also needs to pump out his new agenda. This is a lot of work to be done for our lazy congress.