In response to:

Need a Job? You May Have to Wait Until 2015 or Later, Says the Fed

Hoosier Conservative Wrote: Dec 14, 2012 8:41 AM
The reason that it will take until 2015 to get the unemployment rate below 6.5% is that it will take 2 years after companies layoff their workers due to the cost of Obamacare in 2013 for these people to exhaust their benefits, quit looking for work and drop off the unemployment roles. Nowhere in the report from the Fed do they say there will be more jobs, so it must be due to less people looking for work.

WASHINGTON - Everything you ever wanted to know about the Obama economy is in a single sentence about the Federal Reserve Board's latest attempts this week to deal with unacceptably high unemployment.

"Fed officials projected that the jobless rate, now at 7.7 percent, would not reach 6.5 percent until near the end of 2015 at the earliest," The Washington Post reported in its lead front page story Thursday morning.

If there's anyone out there -- besides Barack Obama's top advisers and diehard allies in Congress -- who think his economic policies, or lack thereof, will restore a...