William Katz:  Urgent Agenda

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ARE WE FINALLY BEING TOLD THE TRUTH? – AT 10:46 A.M. ET:  Uh, wasn't this supposed to be Recovery Summer?  Uh, wasn't the job rate supposed to go down with the stimulus package in place?  Uh, isn't prosperity just around the corner?

Well, uh, maybe not.  Now a new White House appointee may have slipped and told the truth.  This may be a criminal offense:

Austan Goolsbee, the new chairman of the White House Council of Economic Advisers, acknowledged on “Fox News Sunday” that the country may face an enduring job shortage.

“I don't think the unemployment rate will be coming down significantly at any time in the near future,” Goolsbee told host Chris Wallace.

Goolsbee did not respond to Wallace’s question about whether the rate –9.6 percent in August -- could hit 10 percent.

COMMENT:  It isn't just the unemployment rate, it's the underemployment rate, and the shattered dreams that go with it.  Millions of Americans can only find part-time work, or have had to settle for new jobs far below the income level of their last ones.  The Obamans don't seem terribly concerned about them.  There's no sense of urgency.  After all, those people out there – the "flyover people – are the ones clinging to their guns and their religion.  Isn't that what Obama said during the campaign?

The American people are really suckers.  They were suckers in 2008.

September 12, 2010