The new White House budged projection that the Unemployment Rate will on average be 8.9% during 2012 is higher than the 8% Larry Summers projected in early 2009 we will have at this time in absence of a $600 billion Stimulus package, and it is higher than the below 7% UR Obama’s economic council projected in January 2009 we will have at this time if there is no Stimulus package of $1.2 trillion.
