Yes, the obvious escapes us when there is so much propaganda surrounding us. Of course, jobs would be plentiful if the wealthy created jobs since the wealthy have more wealth than ever before in history.
Another truth — government creates jobs. I wish Obama understood this one. Teachers, police, fire fighters, social workers, court personnel, people building infrastructure, researchers (in a lot of fields) . . . are just a few examples of millions of people with jobs created by government. If Obama understood this he would be on the road to a landslide re-election, http://itsoureconomy.us/2012/05/what-if-the-government-didnt-cut-jobs/ . Rather than wasting half the stimulus on tax breaks for business, he should have just created jobs like Roosevelt did. Roosevelt had the most rapid decline in unemployment in history in his first few years in office. Obama has the slowest job creation of any post-recession period.
And, then once the jobs are created the point made by billionaire Nick Hanauer kicks in and the middle class starts to have money to spend and build the economy. The positive cycle begins, rather than the negative cycle we are currently in continuing.
Iceland got it, http://itsoureconomy.us/2012/05/iceland-shows-bailing-out-the-people-works-better-than-bailing-out-the-banks/. Venezuela got it, http://itsoureconomy.us/2012/05/can-europe-learn-from-hugo-chavez/. Greece is figuring it out, as is Spain (but of course the media tells us THEY are creating the crisis!).
KZ
