Conservative
Type 40
There was no promise of an an unemployment rate of less than 8%. There was an economic projection, not a goal, nor a promise of anything.
The report projected that the stimulus plan proposed by Obama would create between three and four million jobs by the end of 2010. The report also includes a graphic predicting unemployment rates with and without the stimulus. Without the stimulus (the baseline), unemployment was projected to hit about 8.5 percent in 2009 and then continue rising to a peak of about 9 percent in 2010. With the stimulus, they predicted the unemployment rate would peak at just under 8 percent in 2009.
Look at the actual report.
http://www.thompson.com/images/thompson/nclb/openresources/obamaeconplanjan9.pdf
So, you're saying that the report the Obama administration used to push the stimulus...
the one with the 'unemployment rate would peak at just under 8 percent in 2009' chart...
was just a projection and not meant to reflect reality?