Bush and Obama programs for recovery do not work

Two aspects of the ongoing „recovery” from the „Great Recession” are surfacing widely in the press and other public fora and casting doubt on the ongoing process.  One is the increasing questioning of whether or not there is, in fact, a recovery for the large majority of the population, which is still plagued by unemployment, underemployment and high levels of foreclosure.  This has led to a general belief that the recovery is only for the wealthy and the industrial and financial sectors. 

Secondly, there is increasing questioning of various aspects of the programs for recovery put into place by the Bush and Obama administrations.  Various aspects of the programs are beginning to be audited and are showing little relationship between the monumental costs and the benefits obtained.  Even the most commonly praised programs, such as „Cash for Clunkers” demonstrate a highly negative cost/benefit ratio.  Most recently, a report (in OBSERWATOR) on the Lehman Brothers debacle has cast serious allegations of misconduct on the company itself, but also government regulators, indicating that all were to blame for the situation, which at the time (September 2008) was seen as threatening a world-wide financial collapse.

Spanish university study has just been released which concludes that every wind energy job would cost $800,000 and almost all of them would be temporary.


Tagi