In honor of 10.2% unemployment...a blast from the past!
President Obama warning about 10% unemployment...if his stimulus bill was not passed:
President-elect Obama is warning this morning that the economy “could become dramatically worse” and face unemployment above 10 percent without bipartisan support for a massive government stimulus program that would temporarily add to the record federal budget deficit but would “save or create at least three million jobs over the next few years.”
But remember, this is all Bush's fault and Bush made him spend three trillion dollars and Bush, Bush, BUSH!
Those of us who remember our history can recall that at this point in 1981 President Reagan had passed his tax cuts measure and in the summer of 1982 the economy began rocking and rolling into the greatest peace time expansion ever.
Don't hold your breath waiting for Obama to explain why unemployment is two points higher than he claimed it would be at this point in time. Though I'm sure his useful fools will simply continue the "Bush!" chant.
President-elect Obama is warning this morning that the economy “could become dramatically worse” and face unemployment above 10 percent without bipartisan support for a massive government stimulus program that would temporarily add to the record federal budget deficit but would “save or create at least three million jobs over the next few years.”
But remember, this is all Bush's fault and Bush made him spend three trillion dollars and Bush, Bush, BUSH!
Those of us who remember our history can recall that at this point in 1981 President Reagan had passed his tax cuts measure and in the summer of 1982 the economy began rocking and rolling into the greatest peace time expansion ever.
Don't hold your breath waiting for Obama to explain why unemployment is two points higher than he claimed it would be at this point in time. Though I'm sure his useful fools will simply continue the "Bush!" chant.