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July 10, 2009

10 pct unemployment for a full year?

That’s the word from a majority of 51 economists surveyed by the Wall Street Journal about whether or not President Obama and Congress should offer a second stimulus bill.
On average, the economists forecast an unemployment rate of at least 10 percent through next June, with a decline to 9.5 percent by December 2010.

And yet, for a variety of reasons, most of these economists oppose a second stimulus.

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