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To: the OlLine Rebel

I pity you.

As for the claim that unemployment would not be higher than 8%, I distinctly remembering Biden saying it.


5 posted on 06/02/2012 12:36:42 PM PDT by Terry Mross ("It happened. And we let it happen." Peter Griffin - FAMILY GUY)
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To: Terry Mross

"As for the claim that unemployment would not be higher than 8%, I distinctly remembering Biden saying it."

Biden's advisors in fact came up with that claim:

"Jared Bernstein, the former chief economist and economic advisor to Vice President Joe Biden, wrote a report along with Christina Romer, the chairwoman of President Barack Obama’s Council of Economic Advisors, in January 2009 predicting the less-than-8-percent unemployment rate...

The report was entitled The Job Impact of the American Recovery and Reinvestment Plan.

...On page four of the 2009 Romer/Bernstein report a chart states that the unemployment rate nationwide with the $821-billion economic stimulus package would peak at 8 percent."

http://cnsnews.com/news/article/economist-who-said-unemployment-wouldn-t-top-8-now-says-it-won-t-go-below-8-2012-ends

12 posted on 06/02/2012 1:11:51 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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