"There is a lot of talk coming from CitiGroup about how Dodd-Frank isn't perfect, So let me say this to anyone listening at Citi —I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces." -- Elizabeth Warren
If you want to know why unemployment is high, look to an uncertain business environment created by talk of new taxes and regulations.
Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
"True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero
The housing market is the single best indicator of our economy and the middle class in the country treated the housing market like poor people play the lottery. And you know the one thing in common with both examples? Rich people dont play the lottery or get involved in get rich schemes (typically). They invest in secure long term markets with high yeild. Its why the rich stayed rich and the middle income set got their ass kicked.
Most of that money will get eaten up in bureaucracy and corruption and what little is left spent on programs that perpetuate poverty, illiteracy and social and economic stagnation.