Hoover II

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Is Obama the New, Democratic Version of President Herbert Hoover?
By: fflambeau Friday November 13, 2009 10:14 pm  
Grim news from earlier this month shows that the official unemployment number is now 10.2% and that the far more accurate underemployment number is at 17.5%. Economist David Rosenberg (who correctly forecast the mortgage problem way back in 2004) sees unemployment numbers going to 12 or 13%. Moreover, a record 5.6 million people have been unemployed for over 6 months, notes Rosenberg, with more than 9 million Americans working part-time because no full-time jobs are available. In past recessions, says Rosenberg, the number of part-time workers has rarely got much above 6 million.

What’s the Obama administration’s plan for job c”

(Via .)

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