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The last time the president made grand promises and demanded passage of a bill before it could be reviewed, we ended up with the colossal stimulus failure and unemployment near 10 percent," said Sen. Jim DeMint (R-S.C.). "Now the president wants Americans to trust him again, but he can't back up the utopian promises he's making about a government takeover of health care. He insists his health care plan won't add to our nation's deficit despite the nonpartisan Congressional Budget Office saying exactly the opposite. And today we learn that the president is refusing to release a critical report on the state of our economy, which contains facts essential to this debate. What is he hiding?""
Caught off-guard by the severity of the economic situation it inherited, the administration has badly underestimated how much unemployment would rise even with its $787 billion economic stimulus plan in place. Those missed projections have led some critics to question the credibility of the administration's economic forecasts and given pause to legislators considering sweeping proposals such as health care reform and cap-and-trade legislation that Obama calls essential to future economic growth and stability.
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