Recovery Winter?

‘Recovery summer’ was a bust. Obama has moved the deck chairs around and replaced Christina Romer as the head of his Council of Economic Advisers with yet another university professor with zero real-world business experience, Austan Goolsbee.

It doesn’t take a professor of economics to see that the jobless rate is likely to remain high. Unless Obama’s economic policies take a 180, high unemployment will be the new norm.

Link: Obama adviser: Jobless rate likely to remain high – Washington Times.

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