The president’s chief economic adviser warned Friday that the nation’s unemployment rate could stay “unacceptably high” for years to come — a situation that would seriously complicate Barack Obama’s ability to convince Americans that he’s beating back the recession.
“The level of unemployment is unacceptably high,” National Economic Council Director Larry Summers said Friday. “And will, by all forecasts, remain unacceptably high for a number of years.”
Well. Nobody is calling an "L-shaped" lack of recovery "fun". Yet. But somebody, somewhere, soon will. Obama is President and Democrats do control congress, afterall.
By the way...
# of Google hits for "funemployment": "Results 1 - 10 of about 384,000 for funemployment"
# of Google hits for "funrecovery": "Results 1 - 10 of about 67 for "funrecovery"
(all of which appear to be various sites offering to register funrecovery.com, none as a reference to the economy)
I believe that I am first.