Is that a second term out there???
The Hill It was “dumb” for President Obama and his aides to promise that unemployment would not surpass 8 percent if the stimulus act passed, a top House Democrat said Tuesday.
Rep. Barney Frank (D-Mass.), the chairman of the House Financial Services Committee, called into question the wisdom of projections issued by the Obama administration during the congressional fight over the stimulus bill that argued it would prevent higher levels of joblessness.
“President Obama, whom I greatly admire … when the economic recovery bill — we’re supposed to call it the ‘recovery bill,’ not the ’stimulus’ bill; that’s what the focus groups tell us — he predicted or his aides predicted at the time that if it passed, unemployment would get under 8 percent,” Frank said Tuesday evening during an appearance on the Fox Business Network. “That was a dumb thing to do.”
I am waiting to cast my ballot, so I can start putting you in the unemployment line....