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Tuesday, July 14, 2009

So Much for 8% Unemployment

So much for that 8% unemployment that the President and Democrats were predicting if the stimulus bill passed. Unemployment is currently at 9.5% and all predictions point to about 11% unemployment. It would not surprise me see it rise even higher than that will all the new taxes that are going to be placed on small businesses through Cap-and-Tax and the Health Care Bill. Obama is now saying, "My expectation is that we will probably continue to see unemployment tick up for several months."

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