Spain unemployment 20% --Obama seeks to emulate. Anybody home in Congress?

• "Unemployment in Spain...reached 20 percent"...by April 30.
  

As in the US, crisis fueled by sub prime scandal, government failure to anticipate impact of lost property tax revenue, low gdp, and high public sector fixed employment. Cloward-Piven bona fides, a proven recipe for failure which Obama is deliberately following. With few exceptions, the weaklings in congress are going along with this criminal gravy train.

• 4/30/10: "Spain´s economic problems are closely tied to the housing bust there, according to The Economist magazine. Many of the newly unemployed worked in construction, it said.

The recession revealed how dependent public finances were on

• housing-related tax revenues, it said.

Another problem in Spain is that wages are set centrally and

• most jobs are protected, making it hard to shift skilled workers from one industry to another, the magazine said."...