You know, the stupid around here has just got to stop. Bonddad and a couple of his friends just won't face the fact that the rich are rigging the American economy for a jobless recovery, a recovery where jobs go or stay overseas and a recovery that looks like Japan's 10 year recession, i.e. the L-shaped "recovery."
Yes I understand that Bonddad and the day crowd at Daily Kos have a lot at stake since many are hoping to recoup some of their market losses and so they cheerlead. Perhaps they cheerlead because they think it helps Obama: it doesn't. Obama is best served by people that speak of the reality of the situation and not by people showing incomplete graphs of a recovery from an almost-collapse: of course there's going to be a recovery from an almost-economic armageddon?! Why can't the economy cheerleaders at least admit that fact?
Anyhow, the news is not good and Americans need to understand the facts, not fluff:
Unlike the labor market collapse that killed millions of U.S. jobs in a matter of months, the nation's return to peak employment will not be nearly as uniform nor as swift.
While signs indicate that the worst of the recession may be over, only six metropolitan areas across the country are expected to regain their pre-recession employment levels by the end of 2009, according to projections from IHS Global Insight, a leading economic forecaster.
[snip]
Most of the country — 286 of 325 metro areas covered in the IHS analysis_ aren't likely to regain their pre-recession employment levels until at least 2012.
http://www.mcclatchydc.com/...
My bold.
The evidence is stacking up against the cheerleaders so I implore them: stop the cheerleading and give us some real analysis ....or shut up.
Let's hope the analysis from this McClatchy article is wrong but the facts indicate that we're looking at a Japan-like 5-10 years of stagflation.