Unemployment Higher than Obama Predicted for Oct. 2012 Without Stimulus
Remember those halcyon days early in 2009 when some people believed all things seemed possible with the Messiah to lead the United States?
Remember when the White House, via their economists Christina Romer and Jared Bernstein, sold the $800 billion stimulus by saying that if it were passed, the unemployment rate would be 5.2% in October 2012?
Now those days are gone. The October 2012 unemployment rate was 7.9%, up from 7.8% in September, and the same number as when Barack Obama took office. Romer and Bernstein's projection even had unemployment under 6% by now -- without the stimulus.
23 million people out of work. 8% or higher unemployment for 42 months – 3 ½ years.
And Romer has changed her tune; she’s no longer a fan of Obama’s economic policies. She said in April that Obama’s tax increases would kill the economic recovery and put nearly 1 million more Americans out of work.
The unemployment news is bleaker than ever. Who will Barack Obama throw under the bus this time?