Monday Apr 18, 201106:16 PM GMT
'Obama's focus should be on jobs, not deficits'
Mon Apr 18, 2011 6:17PM
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Co-director of the U.S. Center for Economic and Policy Research says the U.S. president Barack Obama should focus on jobs instead of deficit reduction.


In an exclusive interview with Press TV's U.S. Desk on Monday, Dean Baker said America's high unemployment rate should be the focus of the country's economic policy.


According to Baker there are close to 25 million Americans who are either unemployed, underemployed or have given up looking for work altogether. Considering this, Baker said the U.S. budget deficit is not a problem, today or in the years to come.



A Gallup poll states that U.S. unemployment continues to be seen as the most important problem in America.


Somewhere between 15 and 27 million people, depending on how you figure it, remain unemployed. ABC


The official jobless rate in the United States is around 10 percent. Econpost


In fact, when unemployment is measured according to the formula that was used when President Bill Clinton took office, it is actually around 20%. Free Republic



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