October 10, 2012
On the striking drop of the unemployment rate to 7.8%…
I predicted a year ago that this unemployment number would be reported at this time under 8%. How did I know? Because it's not an economics issue; it's all political. It's one of the easiest predictions I've ever made, that the unemployment would go down. All I had to learn was that no incumbent ever been elected, reelected with the unemployment rate over 8%. Well! Guess what's gonna happen in the month leading up to the election? The unemployment rate's gonna be under 8%. With this bunch in the White House, you'd be fool not to predict that.