Quote:
Originally Posted by Jim in CT
OK, I did a search on "how Spence can prove that Obama in fact, did NOT promise that the stimulus would keep unemployment below 8%, when it subsequently rose above 10%", and guess what? it didn't return anything.
So, one last time, please tell me why I'm wrong when I say that Obama blew that prediction. Because that was one of the items in my list, which you said was "a nice summary of things I've gotten wrong".
If I'm wrong, show me. Why is that so hard?
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Jim, if you'd make even the slightest attempt to form a reasoned opinion you'd answer this and most all of your questions.
Obama never "promised" an 8% unemployment cap. He cited an economic study that "projected" 8% given the current understanding of the recession and which came with heavy disclaimers. All the data the CBO and other groups were using was later found to have underestimated the severity of the economic downturn.
As for it not returning anything, a few seconds with the google will let you know that the CBO and vast majority of economists refute your opinion.