Cal Thomas looks at America's fiscal situation in his latest column in the Nashua Telegraph:
Obama and his economic team predicted that if Congress failed to pass their "stimulus package," the unemployment rate, at 7.2 percent in the weeks before the president took office, would rise above 8 percent this year and peak at 9 percent in 2010. If Congress passed the stimulus, they said, unemployment would not be as high.
Last week, the Federal Reserve raised its unemployment forecast to a "higher than expected" 10.1 percent and forecast it to remain high through 2011. (more)
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