Hennessy's View

White House Unveils Unemployment Strategy

WASHINGTON, DC: The White House unveiled a new strategy to lower the nation’s unemployment rate, currently standing at 10 percent. In his weekly radio address Saturday, the President announced that he will use remaining funds from the failed Stimulus bill to take advantage of little known variable in the unemployment rate factor: “discouraged workers.” Pointing out that “discouraged” workers are excluded from the unemployment calculation, the President explained that the government will encourage the unemployed to simply give up hopes for finding work. Read more →