U.S. Unemployment Rate Hits 10.2%; Graphic Shows Obama Promised Rate Would Not Hit 8% with Stimulus Plan
The U.S. Unemployment Rate hit a 26-year high today, as it reached 10.2%. Take a look at the graphic above released today by the House Republican Conference. It shows what President Obama said would happen if his $787 Billion Stimulus Bill was passed, and what would happen if it was rejected.
Obama said if rejected, unemployment could rise to almost 9%, and if enacted, it would be kept below 8%.
Here we stand at 10.2%. Yet, we are supposed to believe the Stimulus Plan is working?