The U.S. lost more jobs in 2008 than any year since 1945 as employers fired another 524,000 people in December, indicating a free-fall in the economy.
Masses of unemployed people leads inexorably to social unrest. FDR defused things by creating massive public works projects that put people to work. Looks like Obama will do the same.
Just heard a soundbite from Obama on NPR. Imagine, we will soon have a president who can put several sentences together coherently and doesn’t sound like a belligerent frat boy.