Thursday, September 1, 2011

Obama's Goose is Cooked

Here is Lakshman Achuthan of ECRI pointing out that it is now too late for Obama to change the unemployment level during the 2012 elections:

He points out that unemployment is going back up in the short term and if this cyclical slowdown becomes a recession, then above 10% unemployment is likely. That should have caused Obama to put out a "battle stations!" cry back in the spring, but he didn't. He continues to drive in neutral and wonder why he has no acceleration. Obama deserves a D- grade in economics.

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