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Originally Posted by SniperSB23
Chuck, that is one of the worst articles I've ever read. I work for the Labor Department and used to work for the Bureau of Labor Statistics. I know how it all works and that article is as partisan as it gets. And I know that the unemployment rate will hit 11% most likely before we recover. What I'm yet to see is where your quote from Obama is that we would never get higher than 8% unemployment. That's what I'm looking for. Are you really just spouting crap from Foxnews or do you have a legit source that shows Obama making an idiotic statement like the above?
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I just dont know what to say. If you know how it works then surely you know what Obama's people are saying about the "jobs saved" or "created" is bunk. The Wall Street Journal is a legit source.
. During a March hearing of the Senate Finance Committee, Chairman Max Baucus challenged Treasury Secretary Timothy Geithner on the formula.
"You created a situation where you cannot be wrong," said the Montana Democrat. "If the economy loses two million jobs over the next few years, you can say yes, but it would've lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs. You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct."
I suppose you will say that Baucus is partisan and wrong on the subject too?