Tuesday, April 7, 2009

Where are the JOBS?

LNR stated many months ago, when the financial "Tsunami" (you heard that term here first) hit America, that "jobs" was as important and required in parallel to keeping banks liquid. The banks have been indeed kept liquid (albeit at the common taxpayer's expense) and have kept many bankers happy that Uncle Sam has bailed them out. However, the common man has been let down- the jobs, the millions of jobs promised (and LNR has recommended that 4-5 million jobs need to be created) have not materialized. The recession will continue and NOT bottom out until millions of new jobs are created.

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