White House Announces Unemployment Will Remain High For Rest of Year (Video) …Update: National Debt Up $2 Trillion Under Obama

It’s a quagmire.
Back in October 2008 Barack Obama told a crowd of hopey-changers that “job loss was un-American.”

That was before he became president and the country lost 4 million jobs.

Today the Obama White House announced that they don’t expect things to improve much this year.
Bloomberg reported:

U.S. employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 percent reached in February, three Obama administration economic officials said today.

The proportion of Americans who can’t find work is likely to “remain elevated for an extended period,” Treasury Secretary Timothy F. Geithner, White House budget director Peter Orszag and Christina Romer, chairman of the Council of Economic Advisers, said in a joint statement. The officials said unemployment may even rise “slightly” over the next few months as discouraged workers start job-hunting again.

“We do not expect further declines in unemployment this year,” the officials said in testimony prepared for the House Appropriations Committee. They predicted the economy would add about 100,000 jobs a month on average — not enough to bring the jobless rate down substantially.

But, don’t worry…
The President and Democratic Congress are focused on health care for the umpteenth consecutive month and then maybe they’ll start focusing on jobs.

UPDATE: The Treasury Department today announced that the national debt is up $2 Trillion since Obama took office… Anther record.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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