LNR Warned About Unemployment

LNR in several issues ago warned that the ONLY two factors which will affect recovery are home prices/inventory and unemployment.

Now unemployment is skyrocketing, and, this is just the front end of unemployment. Instead of pouring billions into inefficient factories, auto industry, billions should be spend on labor intensive infrastructure projects across America. Despite rising unemployment, there are " millions " of jobs begging for people in the industries of health care and computers, where massive training programs could retrain the newly unemployed. President elect Obama is pledging to help the auto industry, saying that it is a critical part of American manufacturing. This is a mistake, trying to pick national industry winners has long been recognized as failed national economic policy, but instead, Obama is trying to instill a quick "feel good" solution.