President Barack Obama considering all options to create jobs, including another stimulus package to avoid economic depression in 2010-12
Peter Oberois
Oct. 18, 2009

Unemployment stands at 9.8 percent, with more than 4 million jobs lost this year. The deficit has reached $1.4 trillion and the national debt $11.9 trillion.

The situation is grim. The unemployment is staggeringly high. On top of that the underemployment is enormous.

Obama’s close adviser David Axelrod cited progress on reviving the economy, with expectations for growth in the third quarter this year. However, he has warned that the government should not make the mistake of ending its recovery initiatives too early at the risk of sending the economy back into recession.

The biggest problem the Obama Administration faces is the rapidly rising commodity inflation without appreciable rise in employment and economic growth.

President Barack Obama considering all options to create jobs, including another stimulus package to avoid economic depression in 2010-12
Peter Oberois
Unemployment stands at 9.8 percent, with more than 4 million jobs lost this year. The deficit has reached $1.4 trillion and the national debt $11.9 trillion.
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The underemployment in the economy accelerates, the economic depression is imminent
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How can the two go up together? One hates inflation and the other loves inflation. The answer lies in something that is seldom in seen in centuries. When financial systems collapse, inflation and deflation meets at the point of singularity.
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