Thursday, September 01, 2011

White House: Unemployment Will Stay At 9 Percent Until Election

Mary Bruce writes at ABC's Political Punch.

The White House today predicted that unemployment would likely stay above 9 percent through the 2012 election as President Obama campaigns for a second term, and will not drop below 6 percent until 2016.

“In sum, economic growth and job creation, while positive, have not been strong enough to bring down the unemployment rate to an acceptable level,” according to the Mid-Session Review released today by the Office of Management and Budget.

That's a hell of a record to run for re-election on, unless he's lowering expectations so if the unemployment rate should dip to 8.9 percent, he can say "see, this is why I should be re-elected."

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