The Hill’s Blog Briefing Room » Congressman: Michigan could hit 20% jobless thanks to Obama: "Michigan's unemployment rate could hit as high as 20 percent with the Obama administrationto blame, one Michigan congressman warned Friday.
Rep. Thaddeus McCotter (R-Mich.) said that Michigan's unemployment — already the highest in the country at 14.1 percent — could go even higher as General Motors and Chrysler continue to shed jobs after their government-financed bankruptcies."
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I posted this because it seems impossible that such a thing could happen. But it seemed impossible that Lehman Brothers and Bear Stearns could implode, too.
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