You fucked up, you trusted us! CNS:
The White House economic adviser who determined in 2009 that if President Barack Obama’s stimulus bill were passed unemployment would not go above 8 percent, now says he was wrong and that he does not think unemployment will go below 8 percent before the end of 2012–the last year of the four-year term Obama won in 2008.
Jared Bernstein, the former chief economist and economic advisor to Vice President Joe Biden, wrote a report along with Christina Romer, the chairwoman of President Barack Obama’s Council of Economic Advisors, in January 2009 predicting that the stimulus would keep unemployment at less than 8 percent. On Monday, Bernstein told CNSNews.com that his projection was flawed.
[…]
When asked by CNSNews.com whether unemployment would fall below 8 percent before the end of 2012, Bernstein said, “Unlikely that it would go below 8 percent before the end of 2012. I think the most optimistic forecast would be for about eight-and-a-half percent.”
On the glass half full side for Obama, at least Bernstein isn’t on national TV laughing with fellow leftists about how the economy is “pretty darn fucked.”
So he’s got that going for him. Plus, pimped out megabuses!
need mor food stamps
8 or 8.5% getting unemployment checks on election day, huh?
I think Obama is going to need more votes than that, I guess we will see.
“…pimped out megabuses!”
That reminds me – where can I get a “We Brake for NOBODY!” bumper sticker?
The American Presidency is kind of the mirror opposite of Gyges’ Ring. Put it on and make the invisible visible.
“Wait, you though we”
you need a t
The T Party stole ’em all.
You clearly don’t understand Teh Narrative, Jeff. Teh Narrative now says that we are over 8% unemployed now because we didn’t spend enough porkulus. Because government is the driving force behind the economy, not *spit* commerce.
thank god they didn’t disturb the rock stacks
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Last decade I was riding a road grader steady.
Last week I was riding a jack-hammer.
This week I got noth’in.
Has anybody made Keynesianism work other than Khufu, Khafre, and Menkaura?
Seriously.
All the hand wringing about “Perry needs to court independents like Obama does!” makes no sense, considering that with unemployment this high supposedly a ham sandwich could defeat O.
Oh, this will end well, I’m sure…
Any bets in if (and how high) the Commission was stacked?
#8 NR – I’m up to my neck in the permitting of large utility projects, and as a rule of thumb i’d say that we’re lucky if we only spend 10-20% of the capital cost on meeting the regulatory burden. if we’re unlucky we spend 100% of the cost on permitting and get nothing to show for it.
the really dirty secret is how the process creates all kinds of opportunities for legal corruption.
Any bets on how a second Porkulus would be spent?
My old man broke ground on his project yesterday. Only a year late!
So common sense is to raise taxes under virtually any circumstance?
Has Obama gotten around to blaming the miserable US economy on the Hubble Constant yet? If not, what the fuck is he waiting for?
OT: Rick Perry’s reference to a “big black cloud” was a racial crack at Obama, wasn’t it?
Dammit! If only we had someone on the conservative side willing to wade in and tackle the subject of language and how we need to reject outright someone else’s interpretation of our words.
Somebody call Commissioner Gordon and have him light up the Armadillo Signal!
Not Hubble. Planck.
Ed Schultz chopped up the quote to make it sound like it did. He, like his compatriots, is scum.
Oh hell, why quibble cranky-d, use ’em both.
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ho,ho,ho
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>>The reciprocal of H0 is the Hubble time.
Please, Hubble, don’t hurt ’em!
We should, for our own ease, be measuring the time between lies by Obama and his MSM minions using Planck time units whereas to measure the timescale for improvements to the nations economy Hubble time units will be more useful.
I attended the redistricting public hearings. Everyone, GOP, Democrat and guy who wrote about tribbles, was in agreement about where the new lines should be and offered concrete reasons why.
The redistricting commission COMPLETELY ignored the will of the people. ALL the people.