‘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.
The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
But here’s the good part. The sympathetic media calls it ‘unfortunate.’
It’s unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake.
Unfortunate timing for Obama? Is that the news analysis? Screw the folks, their readers, I guess.
But rest assured that Obama will not rest until everyone that wants a job has one.