Monday, October 10, 2011

Unemployment - Obama's Nightmare Scenario

This chart sums up the complete incompetence of the Obama administration!  During the height of the economic crisis, his team developed two scenarios for the unemployment rate going forward.  The first was "with" his stimulus being passed, and the second was "without".   This second scenarios was considered the absolute worse case, a true nightmare scenario.   That red line at the top, way above both of his scenarios, is where we are today!  His argument is that without his stimulus, we would be much worse than we are today.   Based on his past forecasting "success", do you think we should believe him?

Click chart for larger version >>

Tags: Obama Unemployment Mistake, Obama Stimulus, Obama Unemployment Forecasts

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