Originally Posted by ant1999e
"-the number of unemployed persons remained essentially unchanged at 12.3 million...
-Unemployment rate for blacks increased to 14.3 percent.
-Long term unemployed (27 weeks or more) was little changed at 5.0 million (40.6 percent of the unemployed.
-Ed Morrissey of HotAir.com points out that when Obama first took office, the U-6 rate was at 14.2 percent, and six months ago it was at 14.5 percent, so what we’re seeing is very stagnant unemployment. The Obama Administration originally predicted that the unemployment rate would be at 5.2 percent at this point in the year, but at 7.9 percent, you can see they were slightly way off."
Like the paper I posted above points out, it will take ten years to come out of this kind of recession. It has little to do with who is president, unless you put one in who decides to go back to the nutjob policies that got us into this mess to begin with.