Obama's Job Loss Recovery: 10% Unemployment Coming

Not that California among others hasn't topped it. The stimulus bill was a tragedy and a farce, now we have the " Job Loss" recovery of Obama, of course this means we have to nationalize health care and destroy the energy industry.

WASHINGTON (Reuters) - The U.S. unemployment rate is likely rise from already high levels to 10 percent in the next couple of months, a White House spokesman said on Monday.

"I think the president has said this, and I would certainly say this, I think you're likely to see unemployment at 10 percent within the next couple of months," White House spokesman Robert Gibbs told reporters.

The U.S. unemployment rate already stands at 9.4 percent, the highest level in about 25 years, and many analysts believe it could continue to climb despite the $787 billion economic stimulus package passed early this year by Congress.

Despite the stimulus? I would say because of the stimulus. I guess all those jobs weren't saved. In other news these and other fears slammed wall street today.