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Originally Posted by Antitrust32
http://www.foxnews.com/politics/2009...yment-numbers/
Can everyone agree now that Obama's White House staff said 8%???
And if anyone comes back with "well those words didnt actually come out of Obama's mouth"... I surely hope they understand how silly they would look.
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Chuck was making it sound like those words came out of Obama's mouth so that would be a valid rebuttal. The words came out of the mouth of Jared Bernstein, the chief economist for Biden, and were made before 4th quarter GDP numbers came out that showed we were far deeper in a recession than people had realized. He was going on the same GDP information that was out when McCain said the fundamentals of the economy are strong.
And I'm pretty sure he never even said that the rate wouldn't get above 8%. I think the quote was that if Congress does not pass the stimulus bill then the rate will go above 8%. In middle school I'm sure we all learned logic and ~A -> B does not mean that A -> ~B. Yes, it's a misleading statement if he truly felt we were going over 8% either way but it still doesn't mean he said we wouldn't go over 8%.