Vice President Joseph Biden's admitted that the Obama Administration's economic recovery plan was predicated on egregiously inaccurate forecasts! Washington warned that without the Obama stimulus, unemployment, then at 7.2 percent, would rise above 8 percent in 2009 and peak at 9 percent in 2010.Yet, only midway through 2009, the unemployment rate is already 9.5 percent and rising.It is clear from the trial balloons set aloft by the Obama administration for a new stimulus program that they have no viable solutions to solve the economic crisis!Thursday, 9 July 2009
Biden Admission: Obama Plan Doomed
Vice President Joseph Biden's admitted that the Obama Administration's economic recovery plan was predicated on egregiously inaccurate forecasts! Washington warned that without the Obama stimulus, unemployment, then at 7.2 percent, would rise above 8 percent in 2009 and peak at 9 percent in 2010.Yet, only midway through 2009, the unemployment rate is already 9.5 percent and rising.It is clear from the trial balloons set aloft by the Obama administration for a new stimulus program that they have no viable solutions to solve the economic crisis!
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