BAD: ADP JOBS REPORT MISSES EXPECTATIONS BY A MILE

[byeya]

1. The Euro-Zone is at a record high unemployment rate.

Keynes was proven correct during the Great Depression and that experience is being willfully ignored today by the industrialized counties. Tens of thousands local, state, and federal workers are being laid off and the RepubliKKKans are refusing to allow needed public works projects to put people back to work and to upgrade our failing infrastructure. Why? To continue to enrich the already over-rich at the expense of the rank and file citizens. I think this ignoring of history is a disgrace as is continuing with disproven - over the past 30 years - of supply side/moneterist economic policies.
To be honest, Bernacke has done all he can from the Fed's side: It's time to end the wars, dismiss the troops - and especially the overstaffed officer corps - and spend on roads, bridges, schools, water treatment plants, and the like.