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The Administration's Forecast

Duncan Black watches Chuck Toddler on Twitter:

Eschaton: That's Really Horrible: Chuck Toddler twitters:

Obama admin lays down unemployment rate markers: by end '10, will be below 10%, by end of '11, below 9% and by end of '12, just below 8%

If that's what they believe, Jeebus. When they passed the stimulus a year ago they projected that without the stimulus unemployment would drop below 6% by the end of 2012.

This is bad.