U.S.: Obama makes a tough concession on unemployment
- My expectation is, is that we will probably continue to see unemployment tick up for several months. And the challenge for this administration is to make sure that even as we are stabilizing the financial system … are people able to find good jobs that pay good wages?
- President Barack Obama • Regarding the ticking-ever-higher unemployment rates, which have been a thorn in his side lately, but not one he’s unwilling to take head-on. He’s on his way to Michigan, a state with 14.1% unemployment, to talk about some economic job-type stuff. That’s right, we live in an industrialized nation where a state has 14.1% unemployment. Insane. • source