Famously wrong Obama economist tries again

Oh, and just for good measure, “It’s Bush’s fault.”¬†Christina Romer, the famously inaccurate economic crystal ball gazer gazes into her crystal ball again and predicts the economy will begin creating jobs again come spring.

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15% unemployment

Depressing. From yesterday’s Happy Hour, Cody Willard asks economist Peter Morici to gaze into the crystal ball and predict unemployment a year from now and how long before recovery. Depressing. http://www.youtube.com/watch?v=OgIdjvn_lmU

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Steve Wynn schools Obama’s supporters on the economy

It’s a series of three video clips. The first is Moody’s chief economist Mark Zandi. He agrees we will be facing double digit unemployment for months if not years. But he says the stimulus is working. Otherwise it would be worse. Really? httpv://www.youtube.com/watch?v=PG93KVISAx0 We’ve heard this line before … from these same economists. Remember? We…

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Is the minimum wage increase helping?

Yeah, don’t think so. So much for the increase in the minimum wage that happened in July. I’m NOT saying the increase in the federal minimum wage directly caused the problem, but the unemployment rate for the 16 – 24 age bracket now stands at 52.2 percent.

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Economic Roundup … and the news ain’t good.

I know, I know … the recession is over. But somehow statistical confirmation is outweighed by friends and family who still can’t find jobs, and 9.7% unemployment (new figures come out this week ) is hardly reassuring. I can assure you Wall Street is worried. Predicting economic direction is tricky business .. especially now. I…

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Good thing we did that stimulus, huh? Update: Video

This chart keeps changing and not for the better. Some analysis here at Michaels Comments. But what stuns me is not that the stimulus is not working … we warned you in February that shoveling money to Democrat public works projects does not stimulate the private sector where jobs are created. It’s not that the…

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Real Unemployment Rate Hits 16.8%

Real, as in, the people who are actually out of work: the recently unemployed. the ones who have given up, and the marginally employed … folks who work just a part time job just so they can eat. Not good

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Blame for the current unemployment rate

I’m not one to blame one person for the current unemployment rate. Many factors are involved and it’s just too complicated to blame it on one person or one administration. Bloggers and the media do like to place blame (it’s sexy) but I’m not sure displaying a graph comparing average rates during a president’s term…

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