Posted on 05/07/2015 12:17:11 PM PDT by Oldpuppymax
Economists don’t have to be right – ever. They just have to say what fits the liberal mindset. Since the proved pedophile John Maynard Keynes told Franklin Roosevelt the way to get America out of the Depression was to make prices so high no one could afford to buy anything, liberals have used economists to justify their failed policies.
The latest stupid prediction from the Democrats’ useful economists (DuE) fits perfectly into this construct. When faced with a terrible 0.2% GDP growth rate for the first quarter they told us, “U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up. The growth slowdown is probably not a true reflection of the economy’s health, given the role of temporary factors such as the weather and the ports dispute.” Not a true reflection?
This sounds very familiar.
After a sickly first quarter GDP in 2010 they said, “….but resurgent consumer spending offered evidence of a sustainable recovery, a government report showed on Friday.” It never happened.
After the 2011 Q1 numbers came out the DuEs said, “The economy is just not that weak. The data shows this is a one-time thing and we’ll get a rebound this quarter.'”
Oh but the economy WAS “just that weak.” The 2011 GDP was...
(Excerpt) Read more at coachisright.com ...
Or both.
An Economist job is a government job (for the most part). You do what your told or you might not have a job. Sooooo...
To be precise, success in many fields today from economics to climatology to media seems directly proportional to one’s level of support for the expansion of the Welfare State.
All Harry Truman wanted was a one-armed economist, having tired of hearing “On the one hand, this” and “On the other hand, that”
Unexpectedly the sun rose in the east this morning. We predict it will stay up there forever and never set.
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