The Recession

Sen. Harry Reid Calls 10% Unemployment "Progress"

| by Heritage Foundation

Back when the unemployment rate was only 9.8% White House economic adviser Jared Bernstein told the Associated Press that the early data on the effect of President Barack Obama’s “quite positive.” Now that the unemployment rate is 10%, Senate Majority Leader Harry Reid (D-NV) also sees “great progress.” Watch:

When Reid first voted for Obama’s failed stimulus, the White House promised their plan would create 3.5 million jobs and unemployment would never rise above 8%. Since he was sworn into office, the U.S. economy has lost, not gained, 3.3 million jobs and unemployment is now 10%. There is nothing positive about that.

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