From the White House Council of Economic Advisers Chairman:
The Employment Situation in May
Posted by Alan B. Krueger on June 1, 2012 at 9:34AM EDT
Problems in the job market were long in the making and will not be solved overnight. The economy lost jobs for 25 straight months beginning in February 2008, and over 8 million jobs were lost as a result of the Great Recession. We are still fighting back from the worst economic crisis since the Great Depression . . .
There is much more work that remains to be done to repair the damage caused by the financial crisis and deep recession that began at the end of 2007.
At what point does this guy lose his job?
Maybe Kreuger can get a job as a comedian! Except, most comedians come up with some new jokes every now and then.