Top Obama Official: Record Unemployment Not Coming Down Anytime Soon

Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History.

(Source: US Misery Index)

New chairman of the Council of Economic Affairs (CEA), Austan Goolsbee, told FOX News today that the record Obama unemployment rate is not likely to come down anytime soon.
The Hill reported:

President Obama’s new chairman of the Council of Economic Affairs (CEA) said Sunday that the national unemployment rate will not decrease significantly anytime soon.

Austan Goolsbee, who Obama announced on Friday will replace Christina Romer as head of the CEA, told “Fox News Sunday” that the president is doing all he can to help the economy, but the recession was so deep, it will take some time for employment numbers to recover.

“I don’t think the unemployment rate will be coming down significantly at any time in the near future,”
Goolsbee said.

Unemployment for the nation reached 9.6 percent in August, and Goolsbee and other White House officials regularly concede they expect it to get worse before it gets better.

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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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