More proof that the Obama Administration doesn’t have a clue as to what the hell it’s doing. Every prediction they have stated so far has been wrong i.e. unemployment, deficits.
They were wrong on the stimulus, they’re wrong on Cap & Tax and they are wrong on Healthscare.
They are the domestic enemy...
You are too generous in attributing ignorance where malice exists.
“The revised estimates project that the economy will contract by 2.8 percent this year, more than twice what the White House predicted earlier this year.
Obama economic adviser Christina Romer projected that the economy would expand in 2010, but by 2 percent instead of the 3.2 percent growth the White House predicted in May. By 2011, Romer estimated, the economy would be humming at 3.6 percent growth.”
WHO COULD HAVE SEEN THIS COMING !>?!?!?! He wages a full frontal assault on the free market, and not only does the economy not grow, but it shrinks!
*GASP*
This IDIOT of a “president” has no understanding of the most simple economic principles. Meanwhile, he is STILL going forth with the nuclear armageddon to the economy in a 2 fold attack. Either one, be it cap and trade or Obamacare, will utterly ruin the economy to the point that it would possibly never recover short of an armed revolution. I fear that event comes closer and closer to reality with each passing day.