These guys on the soup line aren't really broke, they're just being 'cautious.' The have plenty of money but have been told it's not a good time to spend it (per experts). John Batchelor is happier, perhaps more popular and less impecunious selling hatred and division- so he's not about to disagree, seminary background notwithstanding.
Expert guests on the John Batchelor show over many months have said the systemic unemployment problem is mainly stubborn consumers. They say people have money but look around and see other guys aren't spending so they think they shouldn't. This goes for both greedy businesses as well as selfish consumers. Paul Vigna of Dow Jones was the one saying it Friday night on JB's show, but there have been many others. An oily JB favorite usually on Monday nights would likely say the guys lining up for soup aren't really broke, they're just trying to make Obama look bad.
July 10, 2011, Batchelor emphatically informs listeners that current US economic problems "are not Obama's doing." (Personally, I believe George Bush and others deserve to be in jail for what they did to the American economy). But you have to be desperate to say that Obama is not at fault in the face of a mountain of evidence to the contrary, when he has done only what would make things worse since day 1, and has no intention of changing his ways.
UPDATE, 7/18/11, Here is a Salon.com article claiming it really is the consumer's fault, that the Wall St. Journal "proves it":
- 7/18/11, "Wall Street Journal proves Keynes was right," "Economists agree: A lack of consumer demand explains why employers aren't hiring," Salon.com, Andrew Leonard
- According to Keynes, you could transfer other peoples' tax receipts anywhere and it would trigger a successful economy. Fine.