There is an extreme shortage of bank credit and as long as there is, all the speeches from President Obama about jobs will amount to naught. There will be economic stagnation because business cannot accommodate hiring permanent workers.
I have commented about jobs for some time. They do not come from government hires in questionable projects. The worthwhile, stable variety generate within industry, not in a make-work program with no true productivity aim.
Always keep in mind what has made the U.S. different from socialist governments with all their perfect job-planning schemes. Fancy words and plans never succeed. They may fool and appease the public, at least for awhile. But never for long
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