Obama has just said the REAL unemployment rate is 15%

Live, on TV, in the president's address.

I am in shock.

Did I mishear?

Did you hear the same thing?

Edited:
Whew!

False alarm!

Thanks to DIGG'er magoghm, linking to the CNN transcript:

Obama:

I took a trip to Elkhart, Indiana, today. Elkhart is a place that has lost jobs faster than anywhere else in America. In one year, the unemployment rate went from 4.7 percent to 15.3 percent.

For a few moments there, I thought that our elected politicians started to speak truth backed up with facts.

False alarm, then!