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Obama On Unemployment At 9.6%: At Least It's Not "12 or 13 or 15" Percent

President Obama told a Wisconsin town hall today that the unemployment rate is lower than it would be if the Recovery Act (the stimulus) had not passed.

Obama told the audience "unemployment's at 9.6%."

"Yes, but it's not 12 or 13 or 15," Obama said defending his policy.

The economy "recovered more than people expected last year," he added.

"Things aren't as bad as they could have been, this could have been a catastrophe, in that sense it [the stimulus] worked," Obama claimed.

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