Obama economic advisor Austen Goolsbee on Fox News yesterday morning morning admits that the current unemployment level of 9.4% exceeds the 8% rate at which team Obama though it would top out.
President Obama today says that we are poised for recovery since job losses in May were less than expected.
So, you have, simultaneously, less than expected job losses and higher than expected unemployment. I guess you have to be as smart as Obama to see how that works out.
Monday, June 8, 2009
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