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The Obama administration warned earlier this year that unemployment would climb to 8% if the recovery plan was not passed in Congress. New reports now show a 9.5% unemployment rate in June.
ABC’s George Stephanopoulos asked Vice President Joe Biden to explain why the Obama administration prediction was wrong.
“The truth is, we and everyone else misread the economy,” confessed Biden.
Originally posted by mikerussellus
reply to post by Mdv2
The thing of it is, the economy is doing exactly what they wanted it to do. Unemployment is exactly where they want it to be.
These people aren't stupid.
Just look at the amount of people (2 million plus) that are on unemployment versus last year at this time.
Obama is raising his army. He is paying them with our tax dollars. The more that he has to take care of, the happier he is. Watch unemployment rise to over 10% in the next quarter.
He doesn't have to lift a finger to raise his army, because the enlistees will be lining up to come to him.
-I need a beer-
[edit on 5-7-2009 by mikerussellus]
Originally posted by DeadFlagBlues
Honestly, I think that mentality has a lot to do with it. Nothing is "DOH!" with these people. They know exactly what they're doing, and as we saw with Bush Jr almost anything goes by the wayside as long as it's pinned on absentmindedness, when in all actuality, these people are the most calculated on earth.