When will Unemployment break below 7.5%?

[Fmr. Pres. Duke]

It's a bit subjective because there is still a possibility that we will still see a double dip recession. If that's the case, we could see an uptick in jobs late this year and early next, followed by the next leg down in mid 2010. I'm not convinced we are out of the woods, especially since home defaults still climb and the latest report that half of home will be worth less than their mortgage by 2010.

[Fmr. Pres. Duke]

The White House is now projecting unemployment to cross 10% this year and remain at 9.8% in 2010. If that's the case, the Democrats are in serious trouble. They could be fudging the numbers, though, so if it's better than that, they can claim victory. I just don't trust anything that comes out of this administration.

[Fmr. Pres. Duke]

It's funny to see most people think we'll be back to 7.5% unemployment in 2010.