Whether you consider the president’s assumptions about unemployment bleak or realistic, they will likely not come as welcome news to the millions of unemployed and underemployed – or to Democrats hoping to win elections in the next decade.
In the supplemental volume “Analytical Perspectives,” the Obama administration estimates that the annual average rate of unemployment will remain at 10% for 2010, and dip only slightly next year, in 2011, to 9.2%.
In 2012, the year President Obama faces re-election, unemployment will average 8.2%, the budget projects. It will be at 7.3% in 2013.
The average annual rate of unemployment in 2008 was 5.8%...
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Nasty unemployment numbers in Prez's budget
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