
The unemployment rate has hit 10.2 percent. All those laid-off Americans must be wondering why Christina Romer and Jared Bernstein still have jobs.
Romer and Bernstein, economic advisers to the Obama administration, warned back in January that, unless Congress enacted the $787 billion stimulus package, the unemployment rate would hit 9 percent by 2010. The stimulus would prevent this disaster, they promised, causing the unemployment to level off at 8 percent and then fall.
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