{"id":4820,"date":"2009-05-22T07:08:33","date_gmt":"2009-05-22T12:08:33","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=4820"},"modified":"2009-05-22T07:08:33","modified_gmt":"2009-05-22T12:08:33","slug":"exit-miracle-workers","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=4820","title":{"rendered":"Exit Miracle Workers?"},"content":{"rendered":"<p>The Congressional Budget Office notes that while Obama may be a &#8220;lightworker&#8221;, the miracle seems to be slow coming to the economy.\u00a0 The unemployment rate is <a href=\"http:\/\/www.reuters.com\/article\/GCA-Economy\/idUSTRE54K3OL20090521\">suppposed . to keep on climbing<\/a> through&#8230;well, the 2010 mid-terms:<\/p>\n<blockquote><p>The growth in output later this year and next year is likely to be sufficiently weak that the unemployment rate will probably continue to rise into the second half of next year and peak above 10 percent,&#8221; CBO Director Douglas Elmendorf said in prepared testimony to the U.S. House Budget Committee.It will likely take several years for the unemployment rate to fall back to levels seen before the recession hit, in the neighborhood of 5 percent, he said in the prepared remarks.<\/p><\/blockquote>\n<p>Whew.\u00a0 Good thing the Dems are jacking up taxes, or goodness knows <em>how <\/em>long a recovery might take.<\/p>\n<p>(Via <a href=\"http:\/\/www.looktruenorth.com\/elections\/us-congress\/8285-democrats-better-start-worrying.html\">Gary<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Congressional Budget Office notes that while Obama may be a &#8220;lightworker&#8221;, the miracle seems to be slow coming to the economy.\u00a0 The unemployment rate is suppposed . to keep on climbing through&#8230;well, the 2010 mid-terms: The growth in output later this year and next year is likely to be sufficiently weak that the unemployment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":["post-4820","post","type-post","status-publish","format-standard","hentry","category-campaign-10"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4820"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4820\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4820"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}