Wednesday, November 25, 2009

MANDATED RISK AVERSION RESPONSIBLE FOR US UNEMPLOYMENT

By Judith A. Klinghoffer

"You wish to know why there is no job creation in the private sector? Why only the jobs of government employees are safe? The answer is simple, explains GEORGE MELLOAN, banks have been told not to “risk” lending to private borrowers, especially to job creating small businesses. Now, the more bankers lend to government, the higher their salaries. In other words, we are dealing with a perfect job and capitalist economy killer. Lenin would have been proud."

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