Friday, February 17, 2012

CBO Admits True Unemployment is 15 Percent



The only information the CBO admitted is that the true unemployment rate is 15%. This is all what the American public needs to know. Obama is over his head. He can not lead this country. The president threw his hands in the air admitting he made a mistake. Obama thought it was easy to be president. Well, welcome to reality, Mr. President.

(USNEWS) After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.