Posted on 06/27/2017 9:25:27 PM PDT by ForYourChildren
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.
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(Excerpt) Read more at dailycaller.com ...
Yea.
Hilarious.
You idiots.
Dude, where’d my economy go?
Dude, where’d my job go?
Sheesh....
“Moore blames this thread of thinking for stunting growth that could have been a more vibrant recovery.”
Joe Biden. “Recovery Summer”
Still waiting. 8 years later!
"Dude, welcome to the recovery"
LOL.....Those same White Hut economists have now moved on to the big banks at a substantial raise in pay.....but they will never be “economists”...The are now ..highly paid “salesman”
Well, to be fair, they were Obama’s own economists....
Did anyone expect them to be accurate or honest?
“Well, to be fair, they were Obama’s own economists....
Did anyone expect them to be accurate or honest”?
That’s an excellent point.
Obama Didn’t Do One Single Thing That Was Good For America.
I like this comment under the article:
“Obama, The first 2 term President to NEVER get 3% growth for 8 years !!!!!!!!!!!!!!” ~ Dean Sapp
Joe Biden. “Recovery Summer”
It was all about that three letter word, J-O-B-S!!!!/s;)
““Obama, The first 2 term President to NEVER get 3% growth for 8 years !!!!!!!!!!!!!!” ~ Dean Sapp”
Yes. Even during the Great Depression it got over 3% growth.
Obama - The Great Depression. That is how it is going down.
“Obama - The Great Depression.”
Obama - The GreatER Depression.
Timothy Geithner, Secretary of the Treasury, wrote a piece in the NYTime Editorial page, AUG 2, 2010, entitled, "Welcome to the Recovery".
http://www.nytimes.com/2010/08/03/opinion/03geithner.html
Even ultra-liberal Paul Krugman called the piece "unfortunate" and "tone-deaf".
https://krugman.blogs.nytimes.com/2011/06/08/welcome-to-the-recovery/
The CBO estimates on Obamacare were equally off, in terms of costs, premiums, and “uninsured” just as they are now most likely equally off on their estimates on the bills replacing Obamacare.
Most economists cannot predict very well what individuals, state & local governments and business reactions will wind up being in reaction to federal program and policy changes. They only have the givens at the time of the policy changes, and their biases on what the reactions will be. The majority do not predict reactions to changes well. They fell miserably at predicting how everyone will try to adjust to new policies so as to mitigate any adverse affects they may seem to have.
Why did anyone in their right mind think that a guy you wouldn’t hire to run a hardware store could run the economy of the United States of America? The man had no resume worth anything. It was a giant con fronted by a snake oil salesman to enable the transfer of a giant amount of wealth to his cronies out of the US Treasury. Forget hope and change, black lives matter, first black POTUS, all the rest of the crap. Follow the money.
It was a heist of mega proportions.
From the comments:
Dean Sapp
Obama, The first 2 term President to NEVER get 3% growth for 8 years !!!!!!!!!!!!!!
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The reason Obobo was re-elected was the Republicans put up a candidate who symbolized Northeastern elitism. Four years later the Pub candidate, although rich, gave a damn about the Midwest and the Rust Belt.
We should be good little minions and not note that this is exactly what seems to happen just about every time blacks take over the government of just about any city (see: Detroit, Baltimore, DC, etc) or country (see: all of subSaharan Africa).
(I was just re-reading the Wikipedia timeline and history of Kwame Kilpatrick of Detroit. The corruption and budget raiding was appalling.)
But we were at full employment! How is this possible? Say it ain’t so!!!
You say economists, I say environmentalists... lets’ call the ...
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