Obamanomics To Sustain 9% Unemployment Through 2012

Posted by Brian Patrick on

FYI –

Today, the Administration released its midyear review of the annual budget showing even the White House believes unemployment will average at least 9% through 2012, well above their original prediction that the $825 billion stimulus would keep unemployment below 8%.


January 10, 2009: President Obama’s Economic Advisors Predicted That The Stimulus Would Keep The Unemployment Rate Below 8 Percent.

  • Unemployment Rate For 2009: 9.3%
  • Unemployment Rate For 2010: 9.6%
  • Unemployment Rate For 2011 (WH Projection): 9.1%
  • Unemployment Rate For 2012 (WH Projection): 9.0%
     




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