Here is the "good" part.
"Many economists think it will take until at least the middle of the decade to lower the unemployment rate to a more normal 5.5 percent to 6 percent."
Wait a darn minute...
5.5 to 6 is NORMAL?
Under Bush from wiki..
The seasonally adjusted unemployment rate rose from 4.2% in January 2001, peaking at 6.3% in June 2003 and reaching a trough of 4.4% in March 2007. After an economic slowdown, the rate rose again to 6.1% in August 2008 and up to 7.2% in December 2008. From December 2007 when the recession started to December 2008, an additional 3.6 million people became unemployed. And, in January 2009, his last month in office, the nation lost 655,000 jobs, raising the unemployment rate to 7.6 percent, the highest level in more than 15 years.
So let's get this correct.
On the Hill – June 6, 2008 – The Democratic Congress is working to address the faltering economy, House Speaker Nancy Pelosi charges, blaming President Bush for fiscal woes as the unemployment rate increased to 5.5 percent.
“The New Direction Congress will send the President legislation to provide urgently needed assistance to millions of Americans who have lost their jobs and are struggling to make ends meet,” Pelosi adds. “Just as we worked cooperatively in passing a stimulus plan to put $117 billion into the hands of more than 130 million Americans, we urge the President to support legislation to address the needs of America’s unemployed and struggling workers. Today’s unemployment numbers demonstrate that this is an urgent challenge.”
For the record, the average rate under President Bush was 5.3% over 8 years; when you factor in the major hit to the economy on 9/11 that is pretty amazing no?
Just for the record:
Pelosi.. You ignorant slut.