The jobless pain now increases to 10.2 percent of the nation. One hundred and ninety-thousand more jobs lost.
The American people are in a state of deep worry and major backlash that will now grow greater against Washington and Wall Street. The president should do what he should have done long ago: ask banks what they can do for their country. And ask them now. And act if they do not answer with the patriotism expected of all Americans and most especially those who made profits from the giant bailout paid for by the people who endure the pain.
The fact is, so far, the president has largely allowed the trickle-down policies of George W. Bush to continue. It is time to take a stand, call the nation to arms, push the banks to help the nation and take aggressive action if they don’t.
Saturday, November 07, 2009
"10.2 percent jobless: Obama must take on the banks"
Brent Budowsky (The Hill):