Ask an expert: What ails the job market?
MSN Money's Charley Blaine answers readers' questions about unemployment, the economy and current investment ideas.
Apparently, he has a lot of faith in Ben Bernanke's QE3, which buys the sub-prime home loans packaged as Mortgage Backed Securities from the banks, so Ben Bernanke can start another housing bubble that caused massive taxpayer financed bailouts of the big banks last time.
For the Big Banks, bailouts are the name of the game, and cause them to make risky loans so they can be bailed out again. It's big bonuses for the big banks and the executives when the loans when the housing bubble is going strong, and big bailouts and continued big salaries for executives when taxpayer financed bailouts are required to prop up the "Too Big To Fail (or Jail)" Banks.
The Repubs want high unemployment to make Obama look bad.Sure, we`ve had 30
straight months of job growth, but we need to keep Obama in the WH for growth to
continue.Most business owners are Repubs and they want Obama to lose to get
more corporate welfare.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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