Day By Day by Chris Muir June 11, 2009 – Raw Numbers

Does the Obama Administration really think Americans are stupid with his claims of “saving or creating” jobs?”

Watching Fox News Sunday, I caught a panel on which Obama economic advisor Austin Goolsbee conceded that the administration had previously predicted unemployment would top out at around 8%, that it was now up to 9.4%, and that double-digit unemployment was a distinct possibility in the near future. Goolsbee didn’t resort to the administrations’s blather about “saving or creating jobs,” but he did repeat its fustian about how last month’s loss of 345,000 jobs (resulting in a half percentage point jump in the jobless rate) is somehow good news because it beat predictions (I don’t recall him saying whose) of even more dire loss numbers. It made me wonder why, if those predictions either existed or were serious, the Obama administration would have previously predicted that unemployment would top out at 8%?

The economy remains sluggish and needs a stimulus to boost employment. Some economists forecast that the American economy will see little impact from Obama’s stimulus program until next year.

The President should consider an immediate payroll tax suspension for a number of months to provide needed cash immediately for Americans and American business to spend.