On 11/11/2010 9:32 AM, Alan Rudy wrote:
> Your argument is that - all the staggering amounts of evidence to the
> contrary notwithstanding - he had no idea how serious things were. I don't
> buy it, mostly because its inconceivable to me that the mounting, serially
> mutually reinforcing, and international implosions of Sept, Oct, Nov, Dec of
> 2008 and January, 2009 could be seen as a blip, a glitch, a needed
> correction. But maybe I give him more credit than he deserves...
For what it's worth, his administration projected that unemployment would max out at 8%, with stimulus. Without stimulus, they projected a maximum of 9%, falling to 6% by the end of 2012.
http://otrans.3cdn.net/ee40602f9a7d8172b8_ozm6bt5oi.pdf
SA