Until Team Obama occupied the White House, the longest string of months during which the seasonally adjusted unemployment rate was greater than 8.5% was 22, from January 1982 until October 1983. We’re now at 32 months and counting. If the Fed’s prediction above is correct, the streak will be at 44 on Election Day next year, doubling the previous record.
Plus three econo-myths. Via Instapundit.