9.12.2009

What recovery?

Adviser: High unemployment for years

Excerpt:

The president’s chief economic adviser warned Friday that the nation’s unemployment rate could stay “unacceptably high” for years to come — a situation that would seriously complicate Barack Obama’s ability to convince Americans that he’s beating back the recession.

“The level of unemployment is unacceptably high,” National Economic Council Director Larry Summers said Friday. “And will, by all forecasts, remain unacceptably high for a number of years.”


Comment: Opportunity for Republican gains at mid-term elections! (I hope!)

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