You missed it. Of course you missed it. You were distracted. We were all distracted. There was Nkandla. Or Nkaaandla, as the president mocked, giggling away as he usually does. Nkaandla. And we all laughed. And it was funny. Nkaaandla.The whole country giggled.You could hear the laughter from Hammanskraal to Nkandla. We were laughing at Nkaandla. We were also laughing at the thief-in-chief, the man from Nkandla.But we should have been laughing at ourselves, too. We should have been laughing at ourselves because, well, we are the losers here. As the marathon Nkandla report press conference by Police Minister Nathi Nhleko unfolded it was clear that we were being taken for a mighty ride. The smell of the whitewash was overwhelming.Nhleko, the man who had released Jacob Zuma benefactor Schabir Shaik from jail, was coming in useful again. He was singing, loudly, for his supper. As with virtually every Zuma acolyte who sings for his supper, he was going beyond the call of duty. He was bending over backwards.As political journalist Thulasizwe Simelane has pointed out, no one has challenged this line from Public Protector Thuli Madonsela's Nkandla report: "The president did not dispute during the investigation that he told me on August 11 2013 that he requested the building of a larger kraal, and that he was willing to reimburse the state for the cost thereof."What it means, simply, is that Nhleko was so eager to please his principal that he was prepared to let the man go even on the transgressions that Zuma himself was prepared to pay for.It makes his entire report last week laughable, hypocritical, embarrassing and downright disrespectful to the taxpayer.The political consequences are clear. Zuma and his fellow travellers such as Nhleko cannot continue to ask the taxpayer to foot the bill for e-tolls while they loot in this blatant way.They cannot continue to act with impunity while the ordinary man and woman suffers under the weight of Zuma's outstretched hand. They see the elite looting and they wonder why they are asked to respect the law while everyone else is abusing it.As Nhleko said, South Africans are not stupid. They will punish the ANC at the polls sooner rather than later.If they cannot do it at the polls then they will find other ways: they will attack councillors' houses, as they are already doing, and burn municipal buildings.As Nhleko reported to parliament two weeks ago, there were a staggering 14700 incidents of unrest reported to the police last year. He might want to ask himself why the nation is so angry.The thing we missed, the thing we all should be angry about, is the fact that Zuma and his administration are killing the economy and throwing millions of young people out into the streets without jobs or hope.Last week, Statistics SA released its quarterly labour force survey. It showed the jobless rate rose to 26.4% in the first three months of the year - the highest in 11 years. The Times reported that this amounted to 5.5million people without work in the first quarter of this year, up from 4.9million in the last quarter of 2014.This, however, is the narrow definition of unemployment. In all, 8.7million people are unemployed if one includes those who have given up looking for work.South Africa's gross domestic product grew by an annualised 1.3% quarter-on-quarter in the first three months of 2015. That is even worse than the miserable 1.5% growth of last year.Zuma's policies, as contained in the National Development Plan, are fabulous. In practice, the man has been a job-killer.The government can scream all it wants to about a "challenging global environment" but it is speaking rubbish.Zuma was re-elected last year at exactly the same time as Narendra Modi became the prime minister of India. Then India's inflation was running at 9% and economic growth had slowed to less than 5%.Today, as Modi celebrates a year in office, inflation is down to 5% and the International Monetary Fund forecasts India's economy will grow by 7.5% this year.The difference is simple. Modi knows what he is doing, and actually does it.Zuma doesn't know what he is doing - except for protecting himself from prosecution on the numerous charges he has been dodging for the past 15 years.That and opening up as much opportunity as possible for his cronies to loot and loot again. The pigs are at the trough.Unemployment is the single most dangerous issue facing South Africa today. It is creating a great mass of anger and frustration. As the young and hopeless watch Zuma and his cronies eat, and ask for more money from their mothers and fathers in taxes, rates and e-tolls, they begin to ask themselves: why, and for how long?The Zuma bus is taking us over the cliff. And we are laughing along with the bus driver, the thief-in-chief from Nkandla...