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To: Giordano Bruno who wrote (392161)	8/8/2009 2:14:58 PM
From: MythMan	Respond to of 436258

>>Earlier in the day, the White House said the administration still expects unemployment to hit 10% sometime this year - a forecast that may have as much to do with managing political expectations than the economy. The last time the unemployment rate topped 10%, the party of the president - then Ronald Reagan's GOP - lost 26 House seats in the midterm elections in 1982.<< there you have it. and of course we are above 10%.

To: Giordano Bruno who wrote (392161)	8/8/2009 4:24:50 PM
From: MythMan	Read Replies (2) \| Respond to of 436258

>>What if in the end they got it right? What if, amid all their missteps and all the harsh criticism, the people in charge of battling the worst financial crisis since the Great Depression — Ben Bernanke, Timothy Geithner, Lawrence Summers, Henry Paulson and the rest — basically succeeded? It is clearly too soon to know for sure. But the evidence is now pointing pretty strongly in one direction: history books may conclude that the financial crisis of 2008 turned out to be far less bad than it could have been and that Washington deserved much of the credit.<< nytimes.com