Sunday, August 15, 2010

Obama sez: We're going to add 300,000 jobs a month over the next 3 years...uh huh

WSJ:
The Obama administration projects the unemployment rate will drop to 8.7% by the end of next year and 6.8% by 2013. That is totally unrealistic. It means we would have to add nearly 300,000 jobs a month over the next three years. At the rate we're going, it will take anywhere from six to nine years to climb out of this hole. The labor market may be improving, but the pace is glacial.
The End of American Optimism

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