Obama’s star economist predicts extremely low unemployment rate- source- news.firedoglake.com
From Progressive Blogs Source : http://news.firedoglake.com
Progressive Blogs Excerpts from Newstweeters.com
Commentary: Mark Zandi, who is a favorite economist of Obama, says he thinks the unemployment rate will dip to below 8% by the end of this year. Underestimating the jobless rate could be harmful for the economy. If people believe the economy will brighten at a fast rate, their actions will dictate a bright economy rather than looking at the economy realistically and going from there. As the article states, “The point here is that you almost have to err on the side of doing more in order to avoid the worst-case scenario.” – excerpt below
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…. – (photo: pangalactic gargleblaster and the heart of gold/flickr) Mark Zandi now predicts that the job market will come back at a much stronger clip than he previously expected, with…- ….
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