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.You know, this should come as no surprise but the newspapers are so desperate for Obama to succeed (else they must realize their own culpility) that they fudge to outright lie about the US economy in order to make Obama look good. The pain is spread everywhere and when 1/2 a million Americans apply for unemployment for the first time EVERY WEEK, the economy is in trouble!
“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.”
Maybe there’s hope for China after all
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