The economy is likely to experience a “less-than-robust” recovery and remains vulnerable to shocks, as households rebuild savings and unemployment possibly remains high “for several years to come.”
I once heard an interview with some Obama campaign worker who said the entire political arm of the campaign is basically obsessed with European governments. Unfortunately, I don't remember who is was, nor where I heard it. But to him it was a good thing and they were all very excited about it. He didn't use the word "Socialism", though. Again, I believe this transition to permanently high unemployment is deliberately intended by the Obama Administration as a necessary function of their radical mission to "Fundamentally Transform The United States".