CBO forecasts unemployment to be at 6.4% in 2011. this would be about a 3.5% drop. overall the CBO predicts a steady recovery in the near future. IF this happens, the stimulus/recovery act will be seen as a success overall and obama will win reelection. red or blue, the only color that matters is green.
furthermore, i feel that timothy is doing fine work in my old office.
But wait a sec… under Bush, 5.5% unemployment was considered horrible by all the talking heads and Bush was bashed endlessly over it.
However, you’re probably right that if unemployment were 6.4% with Obama as President, this would be considered admirably low.
Society is collapsing in a fit of stupidity.
As of yesterday, the Rasmussen report has the chosen one at -17 with 45 % approval. I doubt anything that good will happen that will save this bozo. first, because he couldn’t handle any situation that would pull him up.
A terrorist attack? doubt it. Economy all of a sudden taking off? I seriously doubt that. business leaders and owners are scared of this guy. I have a small town chiropractic office and I’m not expanding. I make a nice little salary without going through grief to not make more money, ie, I’m not going to create a job to create one.
I’ll create a job if it makes me more money.
Someone better tell the CBO that their crystal ball is broken, we will not see a significant change in unemployment. If you think adding jobs in the form of government jobs is helpful, ask Greece how it worked out for them. More than 30% of the population works for the government, and they just declared bankruptcy. Their debt is 4 times what is considered normal according to EU standards.