General Discussion
In reply to the discussion: On His Jobs Tour, Obama Touts Amazon Jobs That Are Literally Out Of Reach [View all]HardTimes99
(2,049 posts)bill of goods by a sociopathic society and culture that has left them in the modern-day equivalent of debt peonage and with few avenues to prosperity and middle-class sability.
Obama was warned over and over in the spring and summer of 2009 by economists like Stiglitz and Krugman (when he had the opportunity to effect a new New Deal) that the ARRA was too small by several orders of magnitude and its benefits skewed to shoring up the already comfortable. Instead, Obama chose to listen to the advice of the DLCers with whom he and Rahm had staffed his administration.
So we are now condemned to at least another three years of stagflation. Woo-hoo. GDP growth in Q2 2013 was a whopping 1.7% annually. Pathetic (even if marginally better than Q1's jaw-droppingly anemic 1.1%).