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Unemployment Rises...

BK22 Wrote: Sep 03, 2010 6:46 PM
Bwahahahahahahahaha! Where's the first part of the statement from the "Hill's" article..oh, wait, here it is: Frank: Obama admin 'dumb' to predict no higher than 8% unemployment By Michael O'Brien - 08/18/10 06:45 AM ET It was "dumb" for President Obama and his aides to promise that unemployment would not surpass 8 percent if the stimulus act passed, a top House Democrat said Tuesday. Rep. Barney Frank (D-Mass.), the chairman of the House Financial Services Committee, called into question the wisdom of projections issued by the Obama administration during the congressional fight over the stimulus bill that argued it would prevent higher levels of joblessness.
...to 9.6 percent, an increase of one-tenth of a percentage point.  This is bad news for Americans, as "recovery summer" has officially flopped, and even worse news for the party that spent $862 Billion of our money promising to halt that number at 8 percent.

UPDATE: President Obama has weighed in on the new unemployment numbers, calling them "positive news" and a "step in the right direction."