DC: White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.
Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent.
“Why does anyone bother to listen to economists anymore?” Moore writes in The Washington Times. “Almost all of the economics profession … bought into the Keynesian idea that what would revive the economy after the Great Recession of 2008-09 was massive government spending ‘stimulus.’ The trillions of dollars of government borrowing here and abroad created a decade-long anemic recovery.” more
WERE THEY THE SAME PEOPLE WHO PRODUCED HILLARY POLL NUMBERS!!
FAKE NEWS!!!
Good news Comrades! Under Big Brother’s inspired leadership, the Ministry Of Plenty is INCREASING chocolate rations from 25 grams to 12 grams! All hail Big Brother!”
–every Paul Krugman article in WSJ/NYT, 2008-2016.
Right and everyone treats the CBO score as gospel too. Why don’t they re-score ObamaCare now? Just like global warming, models, estimates and predictions are not reality.
Borrowing and spending your way to economic growth is like fornicating your way to virginity.
It don’t work dat way.
But, but, the CBO is nonpartisan.
My ass. It is the definition of the swamp.
MY all time favorite economic policy of democrats:
Let’s spend our way out of debt!
Gasoline price (national avg.) this July 4th will be the lowest since 2005! Is this “Recovery Summer” ?!
No, we endured eight of those in the reign of King ShitTouch, during which ‘energy prices necessarily skyrocketed’.
How to carry oneself, economically or otherwise:
All one must do is step into a bucket and lift oneself using the handle.
There was a lot of growth under Obama’s leadership –
Government grew.
National Debt grew.
The number of people on “Food Stamps” grew.
Class-envy grew.
Anti-American sentiment grew.
Contempt for our Police grew.
Racial Animosity among Blacks grew.
The number of Unemployed grew.
Health Insurance Premiums grew.
Health Insurance Deductibles grew.
Leftism grew.
I have to stop, I’m too angry right now just from typing that list. Someone else takeover.
Obama could pick ’em alright. Pint size economist Paul Krugman, and Half Pint economist Robert Reich; a pint and a half of Marxist crap.
As one Economist said during that black era in American history, “It is one thing to cook the books, but it is quite another to make up the numbers”.
Barry worked that gig to become a “Millonaire”… now get the hell out of here.
Ted Nougat,
> Perversity grew
> Illegal immigration grew
> ISIS and middle east chaos grew
> European refugee crisis grew (yes, Obama owns it)
> Suicides grew
> Mochelle’s ass and shoulders grew
> But, and this is a good thing, GUN OWNERSHIP GREW
“If I take your money and give it back to you, that will stimulate the economy,” said the government Leftists.
I’m guessing that was “Unexpected” too…
What growth?
Even my lawn didn’t grow while that prick was in office.
Keynes was a brilliant guy. He made millions in arbitrage. Then he convinced governments that they should spend more, and I’m sure he made money off that too.