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Reason: 'Where are the Jobs? The Parallels Between Today and the Great Depression'

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Today, over at Reason, Ted Balaker notes that U.S. jobless numbers surged this past week, with the number of Americans seeking unemployment benefits growing by 34,000, and points out that the administration should have watched Reason’s 2010 ReasonTV video explaining how Obama’s policies would fail to cure our employment woes. Take the time to watch the whole thing … you’re going to be amazed at just how right Reason was … and is:

[...] Uncertainty may have something to do with it. “Uncertainty is an enemy of job creation,” says Ohanian, “Because in a world with a lot of uncertainty there’s a tendency to “wait and see.’” Our nation’s job creators wait and see what Washington’s next experiment will be.

[...] According to research conducted by Ohanian and fellow UCLA economist Harold L. Cole, FDR’s anti-market policies actually prolonged the Great Depression by seven years. And what about Obama’s policies? When the unemployment rate finally does improve will he receive credit for rescuing America from the Great Recession or blame for prolonging the crisis?

Reason was spot-on back in 2010 … and they’re darn well spot-on today. It should be clear to all but now … even dyed-in-the-wool Obamaphiles … as long as Obama occupies the WH our economy is not going to recover.

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