Jobs: No Expectations from Obama

The expectations of Obama addressing jobs has to be filed quietly away. The projections from the famous chart showing the job creation plan with or without the stimulus bill passing is ludicrous at this point.

Obama’s economic advisers saw unemployment cresting at just below 8% with the stimulus in place; without it, they forecast the national rate topping out around 9 percent.

The stimulus, of course, did pass, though the national unemployment rate is now 9.4%. Two weeks ago, Obama predicted unemployment will hit 10% this year.