It took him this long to figure out that unemployment will crest 10% and go on increasing for months? Most of the respected economists projected precisely that...back in March. (Others, before then.) Any kid who's taken an economics class in high school (maybe not a public one, but I digress) should be able to tell you that unemployment is a lagging indicator; i.e., employment only rises after the economy is well on its way to a rebound and employers are comfortable hiring new staff.
Obumbles is only now admitting that we're not through the thick of it.
http://www.breitbart.com/article.php?id=D99EB86O3&show_article=1
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