Tuesday, March 26, 2013

Least surprising news of the Day: Economy will never achieve full employment under Obama...

It's not like Obama really cares. Jobs have never been a priority to him...
(CNSNews.com)The Congressional Budget Office is now projecting that the U.S. economy will never achieve full employment during the eight years Barack Obama serves as president.
That would make Obama the only American president during the post-World War II era who never presided over a year in which the U.S. economy offered full employment to the American people.
The CBO defines “full employment” to be when the national unemployment rate is at or below what it calls the “natural unemployment rate.”
The natural unemployment rate, according to CBO, is the “rate of unemployment arising from all sources except fluctuations in aggregate demand...
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