Carmen Reinhart Warns That High Unemployment Could Last 10 Years

However bad our situation is, the crooks and liars on wall street and the bankers have taken our money and are now sitting on their trillions not hiring and not spending because President Obama won't jump through their "tax cut" hoops.



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Do you know that Obama & the Democratically-controlled Congress don't need Republicans in order to pass anything? Never have. Even without 60 Democrats in the Senate.



Obama insisted Lieberman remain in the Democratic Caucus. In spite of multiple betrayals by Lieberman before and during the 2008 election (Lieberman endorsed McCain, campaigned FOR McCain).



Over REAL Democratic senators, Obama insisted Lieberman keep the chairmanship of the Governmental Affairs & Homeland Security Committee. That's the committee that whitewashed the Bush administration's failure during Hurricane Katrina. Obama rubberstamped that committee's not investigating Bush once Democrats took over control of government after the 2008 election.



Does anyone really believe that Obama got nothing for that concession? No agreement that Lieberman would vote as Obama told him to vote?



Obama never pressured JoeLieberman, Ben Nelson or Blanche Lincoln, or any Blue Dog). That's by their own admission. The Democratic leadership could've taken away committee chairs of members in their caucus that joined with Republicans and threatened to filibustered a public option for healthcare.



The DNC could've taken away reelection funds. But it hasn't. Because Lieberman & Blue Dogs (& Republicans) provide cover to Obama & the DLC-controlled Democratic Party, to let them continue to serve corporate interests over the interests of the People.
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