Obama administration now says high unemployment could persist at around 9% well into 2012.

[Better Believe It]

White House Downshifts on Jobs, Growth
By JOHN D. MCKINNON
September 2, 2011

The Obama administration now says U.S. unemployment could persist at its current stubbornly high level around 9% well into 2012.

A new economic forecast released Thursday suggests the White House is bracing for a weak economy in the coming election year, while bolstering President Barack Obama's calls for more government action to boost hiring and economic growth.

Mr. Obama is scheduled to address a joint session of Congress next Thursday to outline his latest economic proposals. His ideas could include "a mix of tax cuts to create jobs and provide economic security to the middle class, innovative infrastructure ideas to put people back to work," as well as measures aimed at the long-term unemployed, the report said. White House press secretary Jay Carney suggested the measures could push the unemployment rate below 9%, but he also sought to avoid making predictions.



http://online.wsj.com/article/SB10001424053111904583204576544683358565312.html?mod=WSJ_WSJ_US_News_5

[xchrom]

1. recommend

[dkf]

2. This is the cost of putting the health care bill before jobs.

Was it really worth losing the house and maybe now the Presidency?

If it was a really good bill that covered people and got us on par with the cost structures of other countries I would say yes. But the bill we have didn't do much for cost so I consider it a big mistake.

[leftstreet]

3. 79 million boomer$ $tart turning 65 thi$ year

between 162 - 172 million people in the next 2 decades will shift away from for profit healthcare

[haikugal]

4. Well Duh!