Obama’s ‘New Normal’ Is Unacceptable

As Unemployment Rises, White House Waves White Flag

On Creating Jobs While Pushing Job-Killing, European-Style Agenda

IT’S UNACCEPTABLE FOR WHITE HOUSE TO ALLOW HIGH JOBLESS RATE TO BE ‘NEW NORMAL’

Today, BLS Reported That Unemployment Rose To 9.9 Percent In The Month Of April, Up From 9.7 Percent. (U.S. Bureau of Labor Statistics, http://www.bls.gov/, Accessed 5/7/10)

Obama’s National Economic Council Director Larry Summers “Predicts Perpetually High Unemployment.” “White House adviser Larry Summers on Friday predicted that past employment rates will not return after the recession passes. ‘The best way to put it is this: Forty years ago, one in 20 men [ages] 25 to 54, in America, was not working at a given point in time,’ he said. ‘Today, the number is not one in 20. It’s one in five. And a good guess, based on extrapolations of trends in this area, is that when the economy recovers, five years from now, assuming we return to normal cyclical conditions, one in six men who are 25 to 54 will not be working at any point in time.’” (Jay Heflin, “Summers Predicts Perpetually High Unemployment,” The Hill, 4/30/10)

Obama’s Treasury Secretary Timothy Geithner Says Unemployment Will “Stay Unacceptably High For A Long Period Of Time.” (NBC’s “Today Show,” 4/1/10)

Obama’s Council Of Economic Advisers Chair Christina Romer Says Current Economic Growth “Not Enough To Get A Lot Of Job Growth.” “We still have some trouble with debt and credit availability. All of that makes it harder for us to grow … most of the forecasts are that we’ll grow about 3% real GDP … That’s not enough to get a lot of job growth.” (NBC’s “Meet The Press,” 4/4/10)

And Obama’s Economic Recovery Board Chair Says That “Unemployment Will Be Too High For Far Too Long.” “Now a special adviser to President Barack Obama, Volcker added that Americans also need to be prepared for a ‘long slog’ before the economy begins to re-engage. ‘Unemployment will be too high for far too long,’ he said.” (Jo Mannies, “Volcker Predicts Economic Recovery Will Be ‘Long Slog,’” The St. Louis Beacon, 5/4/10)

AND IT’S UNACCEPTABLE FOR OBAMA, BIDEN TO PUSH JOB-KILLING POLICIES THAT MAKE AMERICA LOOK MORE LIKE EUROPE

Vice President Biden In Spain Today As Part Of His European Tour This Week. “On Friday, Biden is … heading to Spain, which currently holds the EU presidency, and will go directly into talks with King Juan Carlos.” (“Biden Heads To Europe Warning Of ‘Pernicious’ New Threats,” AFP, 5/5/10)

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