Mr Obama’s most important challenge

People in almost every country are really being hurt by the recession, and although they understand that there are people in most other parts of the world who are also having to cope with the largest economic downturn in the lifetime of most of us, it is cold comfort. Hundreds of thousands of jobs are being lost, and this causes hardship. If you cannot earn a wage you cannot pay your bills, including your mortgage instalments, which means that your home is at risk and may be repossessed by those paragons of vice, the banks, which have already wasted your savings and your pensions. Most people feel mugged by a mugger licensed by the government to steal. Continue reading