On the night of October 11, the U.S. Senate blocked President Obama’s proposed Jobs creation bill.

In the latest Wall Street Journal/NBC News poll, 74% of people says the United States is going in the wrong direction.  32% said the economy will get worse.  45% said it will stay the same.

On October 11, the CBS Early Show interviewed two Noble prize winning U.S. economists.  They asked them what could be done to give the U.S. economy “a boost”.  There was a long pause before one tried to give an answer: “Ah, that’s a very difficult question to answer. There’s a lot of uncertainty now, both in Europe and the United States, about what future government policy is going to be. Um, and probably the best thing politicians can do is, um, quickly reach compromises, um, and have coherent plans going forward…”-Thomas Sergant, Nobel winning economist

Basically he said it’s completely, totally, up to our government!  Can you say we’re screwed?

The other Nobel prize winning economist, Christopher Sims, basically blamed the whole situation on the government.  Watch the CBS interview.