Today the unemployment numbers for December will be released. The projections are grim: economists expect unemployment rates to rise to a 15-year high of 7.0 percent. This is a reality that President-elect Obama did not sugarcoat yesterday when he addressed the nation and it’s economic forecast. In the first major speech since he won the election, Barack Obama acknowledged the unemployment crisis and stressed the urgency of passing a robust economic stimulus package. Joining us to discuss the ailing economy, the unemployment crisis, and Obama’s approach to both, is Kelly Evans, a reporter for The Wall Street Journal
, Christopher Hayes, the Washington Editor of The Nation
, and entrepreneur Jim Svetz
Don't miss part two of our economic roundtable
.UPDATE 8:47 a.m. ET
: Unemployment rose to 7.2 percent in December 2008. Listen to The Takeaway's coverage.
"The question is, is the power imbalance in this country so severe that it blocks the other people, the small business owners and the working people, from getting their way with the stimulus?"
— Christopher Hayes from The Nation on the plight of small business in this economy