Today Show to Unemployed: Maybe You Should ‘Get Used’ to This ‘New Normal’

Posted on October 9, 2010

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NBC’s Willie Geist, substitute hosting for Matt Lauer on Friday’s Today show, invited on CNBC’s Maria Bartiromo to talk about the new jobs report and the two had a startling message for those in its audience who may be unemployed right now – just get “used to it.”

Geist, citing the liberal economist Joseph Stiglitz, asked the CNBC anchor if “higher unemployment may just be the new normal in this country. Do you agree with that? We just have to get used to this?

Bartiromo, eschewing any sort of American “can do” optimism, actually agreed as she responded: “Well I definitely think we are in a new normal. I think you have to have expectations of much lower growth levels in the United States, relative to the rest of the world.”

Bartiromo added that “business aren’t likely to hire in 2011 because they are expecting higher health care expenses, expecting higher taxes” but didn’t blame Obama administration policies for those fears.

via Today Show to Unemployed: Maybe You Should ‘Get Used’ to This ‘New Normal’ | NewsBusters.org.

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