Job hunters in San Francisco before entering jobs fair held by the California Employment Development Dept and the Veterans Employment Committee. Hundreds of people seeking employment attended the 12 May event as the California Unemployment rate exceeds 12% up from 9.7% when Obama took office.
Obama Administration’s efforts to pull the U.S. out of Recession haven’t succeeded said Nassim Taleb, author of the best selling book The Black Swan on CNBC today. “We had less debt cumulative (two years ago) and more people employed. Today we have more risk in the system and a smaller tax base. Bank Balance sheets are just as bad as they were two years ago…the quality of life hasn’t improved…Obama promised us 8% unemployment through stimulus. It hasn’t worked.”
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