It was “dumb” for President Obama and his aides to promise that unemployment would not surpass 8 percent if the stimulus act passed, a top House Democrat said Tuesday.
Rep. Barney Frank (D-Mass.), the chairman of the House Financial Services Committee, called into question the wisdom of projections issued by the Obama administration during the congressional fight over the stimulus bill that argued it would prevent higher levels of joblessness.
Full Story: Frank: Obama admin ‘dumb’ to predict no higher than 8% unemployment – The Hill’s Blog Briefing Room.
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