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Economy
In reply to the discussion: Weekend Economists in "Perpetual Anticipation" April 13-15, 2012 [View all]xchrom
(108,903 posts)41. Sperling Says Jobs Act Might Have Put U.S. Unemployment Below 8%
http://www.bloomberg.com/news/2012-04-14/sperling-says-jobs-act-might-have-put-u-s-unemployment-below-8-.html
The U.S. unemployment rate might now be below 8 percent had Congress adopted all of President Barack Obamas legislative proposals, one of his economic advisers said in an interview.
Gene Sperling, White House director of the National Economic Council, said Republicans rejected Democrat Obamas plans to provide money to prevent teacher firings and increase infrastructure spending, according to a transcript of his interview with CNNs Fareed Zakaria GPS, scheduled for broadcast tomorrow.
Just think about how much stronger the job market would be if these two initiatives had passed, Sperling told Zakaria. Wed be knocking on the door of going under 8 percent, being into the 7 percent range on unemployment and making much further progress.
Republicans and Democrats are trading blame for the governments inability to get more people back to work, an issue that may decide which party captures the presidency in November. Sperlings comments coincide with evidence this month and last that the job market is weakening after showing earlier signs of recovery.
The U.S. unemployment rate might now be below 8 percent had Congress adopted all of President Barack Obamas legislative proposals, one of his economic advisers said in an interview.
Gene Sperling, White House director of the National Economic Council, said Republicans rejected Democrat Obamas plans to provide money to prevent teacher firings and increase infrastructure spending, according to a transcript of his interview with CNNs Fareed Zakaria GPS, scheduled for broadcast tomorrow.
Just think about how much stronger the job market would be if these two initiatives had passed, Sperling told Zakaria. Wed be knocking on the door of going under 8 percent, being into the 7 percent range on unemployment and making much further progress.
Republicans and Democrats are trading blame for the governments inability to get more people back to work, an issue that may decide which party captures the presidency in November. Sperlings comments coincide with evidence this month and last that the job market is weakening after showing earlier signs of recovery.
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