Posted on 02/25/2010 12:56:50 PM PST by Sir Gawain
Wednesday, February 24, 2010 CBO Report Was Pre-Ordained to Show the Stimulus Succeeded [Brian Riedl]
The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs. Yet the CBO’s calculations are not based on actually observing the economy’s recent performance. Rather, they used an economic model that was programmed to assume that stimulus spending automatically creates jobs — thus guaranteeing their result.
(Note that all CBO figures in this post represent the midpoint between their high and low estimates.)
— Brian Riedl is Grover M. Hermann fellow in federal budgetary affairs at the Heritage Foundation. |
Jeez.
Did anyone in the government think of actually COUNTING the amount of people working?
Of course not. That would let the truth out of the bag...
And there was doubt the day the President called the CBO to the White House that they had just been corrupted, along with the rest of government????
It must be magic. How does this work?
Rather, they used a weather model that was programmed to assume that temperatures would increase at an exponential rate thus guaranteeing their result.
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Things that make you go hmmmmmmmm.....
Obviously...THEY COOKED THE BOOKS
More ENRON accounting by the Washington Gangsters!!
I wonder just went on that day when BO invited the CBO over to his office for a little chat?
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