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Old 07-03-2009
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Re: Holy Hell...470,000 job loss in June, national 9.5%

Quote:
Originally Posted by htperr6565 View Post
From the wapo article. you are right, i did miss something"

"A report Friday, for example, showed the nation's unemployment rate has reached 8.1 percent, a level the administration had forecast would be the average for the entire year. In addition, revised data released last month showed that the nation's gross domestic product has declined at an annualized rate of 6.2 percent in the last quarter of 2008, far worse than originally estimated.

Though she labeled such data "terrible," Romer offered an optimistic assessment in an address focused on lessons from the Great Depression and how they apply to the current crisis. "

Yet another outside attempt at defining what the administration said, and someone from the administration not agreeing with it

the only problem is they along with the times obama and the rest whipped this and gave it the press the WH wanted as it was Obamas team, and the figures he flogged. To make it appear that this was not, their plan and one they sued to advertise and propagandize the need for the stimulus is beyond denial.
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