The Federal Reserve predicts the jobless rate will stay above 9 percent for all of next year and above 8 percent for 2012. That's bad news in general for Americans, and maybe very bad news for one President Barack Obama. Ezra Klein suggests unemployment rate might be the only number that really matters.
Americans appear to favor government spending to stimulate job growth. Republican lawmakers, not so much -- and why should they? If you want to make President Obama a one-termer, as incoming House Speaker John Boehner certainly does, keep more people out of work.
And don't expect much help from the GOP while you sweat this one out. Republicans in the House have signaled that they're fine with denying an extension of unemployment benefits. "So happy I get to donate my unemployment compensation toward deficit reduction for the government on 12/4/10," writes @jae.
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