HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Politics 2014 (Forum) » Rmoney: "He said tha... » Reply #9
Introducing Discussionist: A new forum by the creators of DU

Response to exboyfil (Reply #8)

Wed Oct 17, 2012, 07:14 PM

9. So 2 economists before joining the O admin predicated this before he was sworn in.

Thanks for the heads-up on this. This is waaaaaaaay before they realized how bad the recession was. It looks pretty anorexic to me. Romney is really, really reaching on this one.

5.4% unemployment

Claim: Romney said Obama said unemployment would be 5.4% by now.

Facts: Two economists who would soon join the Obama administration issued a report in early January 2009 before Obama's inauguration predicting that an economic stimulus plan would prevent unemployment from rising above 8% and would push it down to about 5.4% by the third quarter of 2012. However, the economists underestimated the severity of the recession. Even without the stimulus, they forecast in that report that the jobless rate would be 5.9% by now.

Last year, the Commerce Department said the slump was far worse than it had estimated, with the economy contracting almost 9% in the fourth quarter of 2008 and 5.3% in the first quarter of 2009.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 27 replies Author Time Post
AtomicKitten Oct 2012 OP
liberal N proud Oct 2012 #1
AtomicKitten Oct 2012 #2
liberal N proud Oct 2012 #3
Avalux Oct 2012 #4
AtomicKitten Oct 2012 #5
LiberalElite Oct 2012 #11
AtomicKitten Oct 2012 #18
yellowcanine Oct 2012 #15
Cha Oct 2012 #20
AtomicKitten Oct 2012 #25
Firebirds01 Oct 2012 #6
Cosmocat Oct 2012 #7
exboyfil Oct 2012 #8
LineLineReply So 2 economists before joining the O admin predicated this before he was sworn in.
AtomicKitten Oct 2012 #9
exboyfil Oct 2012 #10
Cha Oct 2012 #21
exboyfil Oct 2012 #22
Cha Oct 2012 #27
ProSense Oct 2012 #12
AtomicKitten Oct 2012 #17
former9thward Oct 2012 #13
AtomicKitten Oct 2012 #16
former9thward Oct 2012 #23
AtomicKitten Oct 2012 #24
Rosa Luxemburg Oct 2012 #14
NCLefty Oct 2012 #19
Tom Rinaldo Oct 2012 #26
Please login to view edit histories.