Freddy Hutter, TrendLines Research

ECRI: Economic Forecast Remains Near All Time Low

The Real Unemployment Rate is being exaggerated above. From its peak of 14% in 1982, it drifted down to 6.8% in Y2K and is currently 12.5% and climbing.

Current fiscal & monetary policy measures in play are sufficient to expand the Economy from its current Severe Recession by 2009Q3, regardless of the Obama stimulus pkg. The dramatically lower energy prices are equivalent to approx 3% of Fed Rate reduction.