[knarf]

Hmmm ... government models were wrong ... how could that be ... they're government models ...

NOW what'll we do ?

[Rapscallion]

Every "fix" from the Obama administration has made the situation worse. Entitlement spending including food stamps has had to grow to keep people in the cities calm. Now Obama wants to take more money from the people by increasing taxes and refusing to reduce out of control spending.

It almost seems like a deliberate plan to lead us into severe confrontations with bankrupt state, federal, and local governments while forcing the people to earn less while listening to the rancor, name-calling, and malice from democrats, media, and progressives.

[Starboard]

In general, the Fed does not have a good track record with its economic forecasts. In fact, its terrible.

Its forte is money printing.