Ten months ago, just days before a new dawn in America, then President-elect Barack H. Obama told us that
Economists from across the political spectrum agree that if we don’t act swiftly and boldly, we could see a much deeper economic downturn that could lead to double-digit unemployment and the American Dream slipping further and further out of reach.
(Via Instapundit.) With the swift action he proposed, his team promised us we’d see unemployment top out at about 8% in the summer and start to decline in the fall. We wouldn’t see double-digit unemployment. Well, with the numbers announced today, we’re seeing just that.
(Chart via Gateway Pundit.) Maybe we’d be seeing a different graph if Obama had authored a different stimulus, removing federal regulation and cutting the corporate income tax.
So, given that unemployment continues to climb, don’t you think the President would do well to adjust his priorities and follow the advice of a leading Democrat and “Forget healthcare, focus on employment.”