Tags: austan goolsbee
By Carole on Jun 7, 2011
A new poll shows that an overwhelming majority of Americans believe the country is on the wrong track and rate the economy in negative terms. Over half of the respondents say the economy has not even started to recover and even those who say it has improved rate the recovery as weak. Meanwhile in his latest tone-deaf public statements, President Barack Obama says he's not worried.
By Carole on Jun 6, 2011
The national unemployment rate is over 9 percent and over 45 percent of the unemployed (that's 6.2 million Americans) have been out of work for more than 6 months - a higher percentage than during the Great Depression. (source) But President Obama barely acknowledged these painful economic facts dismissing them with a single line in his latest campaign speech: "There are always going to be bumps on the road to recovery."