How does unemployment have to reach before the Obama Adminstration admits they took us down the wrong path?

Just out today, unemployment has risen to 9.5% - the highest in 26 years. The job loss for June was 467,000 (way above estimates of 363,000) - the highest since 1939. Obama promised that the so-called Stimulus Bill would keep unemployment under 8%! Maybe his policies are misguided because of his lack of experience, or maybe because of his socialist reinvention of our economy, bottom line, they are a miserable failure! Will we have to reach 15%, 20% or even 25% before Obama admits failure? He is now pushing more flawed spending on us. The Cap & Trade (which in Obama's own words will "necessarily skyrocket electric rates"), and the national health care plan (which still won't cover 36 million Americans and has been a system of rationing everywhere else in the world).