It's not so much that the European debt relief turned out to be inadequate — it was the politics that proved unrealistic. When leaders don't seem to know what to do, panic sets in. The same inability in Washington to tackle big, systemic problems may cause long-term harm to the American economy.
The measure is the first sliver of President Obama's $447 billion jobs package to win bipartisan approval in the Senate. And it couldn't come soon enough: Nearly 1 in 8 veterans who left the service in the past decade is unemployed — a higher jobless rate than the national average.
Though some in East Millinocket, Maine, are thrilled the town's paper mill is open again, many are unhappy with what the jobs are paying. But for every resident riled up about the lower wages, there seems to be another who is infuriated at those who dare complain.
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