Posted by | February 17, 2012 20:52 | Filed under: Top Stories

The report is based on the work of Carmen Reinhart and Ken Rogoff, two economists often cited by Republican Obama critic, Congressman Paul Ryan.

“In the average country after a financial crisis, the average unemployment rate would be considerably higher,” Alan Krueger, chairman of the Council of Economic Advisers, said on a conference call. “When historians look back at this period, they will see it the way that we described in the report.”

Krueger also said the recovery has gained steam, projecting the addition of 2 million jobs this year, versus 1.75 million jobs last year.

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Copyright 2012 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.