Massachusetts Democrat congressman Barney Frank has called the Obama Administration “dumb” saying that unemployment in America would not raise above 8% if the stimulus act were passed.
“President Obama, whom I greatly admire [....] when the economic recovery bill — we’re supposed to call it the ‘recovery bill,’ not the ‘stimulus’ bill; that’s what the focus groups tell us — he predicted or his aides predicted at the time that if it passed, unemployment would get under 8 percent,” Frank said Tuesday evening during an appearance on the Fox Business Network. “That was a dumb thing to do.”
Frank also said future stimulus packages should be “more targeted” to get a better effect.
The administration famously released a chart during the fight over its signature $787 billion American Recovery and Reinvestment Act (ARRA) showing that, if that package were enacted, unemployment would not go over 8 percent and without the stimulus, unemployment would reach 9 percent by the third quarter of 2010.
The current unemployment rate, according to the Bureau of Labor Statistics, stands at 9.6 percent.
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@ Tom Carey Jr:
Now that's news I can't use….
This piece of mierda opened a queer whore house in his basement run by his faggot boyfriend and thought he would not get caught and he is calling anybody dumb? What is that word in Kikespeak? Chutzpah!!
The rats (in this case the metro sexual rats) are always the first to bail on ths sinking ship.
Barney Frank is a homosexual, many years ago he was caught in the act with two young male interns in his office giving one of them oral, while the other intern gave it to him in his poop shoot….
Yeah phil, I know what you are saying. This is a case of the pot calling the kettle black.