Republican Unemployment Fairies

The Heritage Foundation has presented a projection for Rep. Ryan's health care proposal showing how the economy will prosper over the next decade. The plan is based on the projection that unemployment will fall below 4% by 2016. Let me assure you, if unemployment goes below 4%, you'll see inflation equal to the 1970s and the Fed will have no choice but to put the brakes on. For a party dominated by inflation hawks who are worrying about inflation now with nearly 9% unemployment, this transcends the ridiculous. This kind of trash is --I almost said unbelievable, but with the Republicans, it's all too believable. The data are here.