“My concern right now—my singular focus—is the American people. Getting the unemployed back on the job, lifting their wages.”
Those words by President Obama reflect a certain desperation as his Administration and the Fed search for answers to the problems that vex politicians the most – the economy, specifically, jobs.
Add on to this the [...]
URGENT LETTER TO THE PRESIDENT:
The President White House Washington, D.C. 20500
Dear President Obama:
I observed with some concern a photo of you and your glum economic team in the White House Rose Garden during your September 3 address on the jobs report.
I am aware that you are gravely concerned about the economy and [...]
By Jeff Harding
Larry Summers worked for hedge fund D. E. Shaw for one day a week for a year and received $5,200,000. Assuming they gave him a couple weeks off, that’s 50 days of work. $104,000 per day is pretty good work if you can get it. He also made a lot of money [...]