by the Sandwichman
Both the Congressional Budget Office and the White House Office of Management and Budget released economic estimates and projections today showing unemployment averaging around 10% (9.8% OMB, 10.2% CBO) next year and remaining above 8% until at least the end of 2011. Last March, the OMB estimated would average 8.1% in 2009 and decline thereafter.
In short, the unemployment rate is now much worse than anyone expected five months ago, it will get even worse and it will stay worse longer. Where are the proposals to respond to this unacceptable level of unemployment? Where is the political movement to demand a solution?