According to the CBO:
"The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression."
"CBO projects that the unemployment rate will remain above 8 percent until 2014. The share of unemployed people who have been looking for work for more than six months -- referred to as the long-term unemployed -- topped 40 percent in December 2009 and has remained above that level ever since."
Republicans are citing the new CBO report as an indictment of Obama's economic policies:
"Today, there's no denying the fact that his stimulus policies not only failed, they made things worse," said House Speaker John Boehner, R-Ohio.
Read More Here