EDITOR OF REDSTATE
Obama’s Assault on Economic Freedom
Great piece by Jed Babbin over at Human Events.
Yesterday, President Obama’s two principal economic advisors — National Economic Council Director Larry Summers and Council of Economic Advisors chair Christina Roemer — gave us a glimpse into the continued tumult in the White House’s over how to restart America’s economic engines.
Summers said, “Today, everybody agrees that the recession is over, and the question is what the pace of the expansion is going to be.”
Roemer — asked if the recession is over — said, “”Of course not. For the people on Main Street and throughout this country, they are still suffering, the unemployment rate is still 10 percent.” She also said that the recession won’t be over until unemployment reaches “normal levels,” about 5%.