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!
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?
I like this comment under the article:
“Obama, The first 2 term President to NEVER get 3% growth for 8 years !!!!!!!!!!!!!!” ~ Dean Sapp
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.
But we were at full employment! How is this possible? Say it ain’t so!!!
You say economists, I say environmentalists... lets’ call the ...
Obama said he didn’t want growth.
He wanted no fluctuations in the market and gas had to necessarily be over 4.00 a gallon.
Obama was a nut.
If you like your doctor you can keep him.
“Cut the cost of a typical family’s health insurance premium by up to $2,500 a year”, said Obama.
Source: Speech, “A Politics of Conscience,” June 23, 2007
Here is Mussolini’s take on keynesian economics. I posted it over there with no response:
“Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire
(l926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.”
As quoted from Mussolini’s review of Keynes’ new book in Universal Aspects of Fascism, James Strachey Barnes, Williams and Norgate, London: UK, (1928) pp. 113-114
Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percentThat huge growth spurt must have slipped by them when they weren't looking.
Obama was extraordinarily mediocre...
More like 150%
Their predictions were actually quite low for Obama, Hitlery and the cronies. Their personal economy grew quite well.