The lower the US unemployment rate, the more difficult it is to drive it even lower. It does not take a rocket scientist to work that out, only common sense.
To drive it from 4.8 per cent down to 3.7 per cent is a major miracle. But I can sympathise with Eric Bahrt.
After nearly two years he is still clinging to Obama’s coat-tails. But he should now face reality. The US economy did not improve because of Obama, but in spite of Obama.
Alf Haupt
Chon Buri