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  • Chao: High Unemployment Doesn't Have to Be the New Norm

    In an interview Friday on Fox Business Network, former Secretary of Labor Elaine Chao took head on the notion that persistent, high unemployment is the new way of life in America. Chao says it doesn’t have to be that way:

    This administration is trying to say that there’s a new norm, and that we’ve got to get used to an unemployment rate in excess of 9 percent, and that is simply not true.

    The economic conditions are effected greatly by government policy, and if the government spends too much, borrows too much, taxes too much, and also regulates too much, there’s an impact on the economy.

    I think the people in Washington and the White House today really believe that they control the economy, and that’s really wrong because it’s the private sector that creates jobs. The proper role of government is to create the environment through which job growth can occur through the private sector.

    Posted in Economics [slideshow_deploy]

    3 Responses to Chao: High Unemployment Doesn't Have to Be the New Norm

    1. Bobbie says:

      Truth be the "new norm" is "poor leadership." We're Americans! We don't believe in failure or walking into it again! The results from the presidents first stimulus was predicted and true. FAILURE! The government is weighing the private sector down with government rules, regulations and policies that wouldn't be destroying the free economy had they NOT EXISTED!!!!! Exact reason he extended unemployment. He knows his ignorant implements is destroying jobs and the free market, causing government controlled depression. He knows his steps are destroying America…

    2. Bob says:

      Wow… she wouldn't last 10 minutes in the current administration.

    3. There's no way Americans should re-elect this clown(obama). I don't care how much of a tingle he puts up some of their legs.

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