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Obama Boom: Unemployment to stay high through 2012

by Phantom Ace ( 5 Comments › )
Filed under Economy, Headlines, unemployment at July 17th, 2011 - 4:23 pm

The truth is seeping out more and more into the media. The Obama Boom is a fairy tale that has no basis in reality. Now some are admitting that unemployment will stay high for the foreseeable future.

While most economists expect to see a rebound in the U.S. economy in the second half of the year, the strength is unlikely to seep into the jobs market, according to one analyst.

“This is the worst recovery in employment in post world war two history,” David Mann, Head of Americas Global Research at Standard Chartered Bank told CNBC on Friday. “In fact we have not even come close to recovering from the actual losses of jobs that we’ve seen through recession.”

The Obama Depression keeps rolling on!

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