Saturday, October 08, 2011

Cantor corrects Pelosi claim that without stimulus jobless rate would be 14.5 percent

On Thursday House Minority Leader Nancy Pelosi made the claim that the nationwide unemployment rate without President Obama's since-failed stimulus program, would have peaked at 14.5 percent. But as you can see in the White House graph from 2009 reposted by House Majority Leader Eric Cantor, the jobless rate without the boondoggle would have peaked at 9 percent. It's now at 9.1 percent after peaking over 10 percent.

Since she possesses such "wisdom," it's easy to see why Pelosi is the former Speaker of the House.

And clearly, the Democrats' credibility on jobs is in the toilet.

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