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Economists Hilariously Over-Predicted Economic Growth Under Obama
The Daily Caller ^ | 06/27/2017 | Tim Pearce

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.

{..snip..}

(Excerpt) Read more at dailycaller.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: failure; mislead; obamanomics
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To: ForYourChildren

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.


21 posted on 06/27/2017 10:31:56 PM PDT by eyedigress ((Old storm chaser from the west))
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To: Wuli

Dirty little secret about the CBO that many people don’t know is the use the assumptions given them by the people who request the scoring. Major league bias is built into their models.


22 posted on 06/27/2017 10:37:42 PM PDT by gov_bean_ counter
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To: ForYourChildren

Smiling contest

GO!


23 posted on 06/27/2017 10:38:28 PM PDT by gov_bean_ counter
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To: ForYourChildren

If you like your doctor you can keep him.


24 posted on 06/27/2017 10:43:01 PM PDT by ForYourChildren (Christian Education [ RomanRoadsMedia.com - Classical Christian Approach to Homeschool ])
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To: Teacher317

Well...I think the magic mulatto was just the perfect teflon front man...plenty of non-blacks were pulling the strings and benefiting from the multi-trillion dollar heist. Different than Zimbabwe. But yes Detroil, Baltimore, D.C. are fails of garden variety corruption and incompetence that are typical of people who figure they are owed.


25 posted on 06/27/2017 10:43:17 PM PDT by Aria (Uniparty: Conducted the biggest heist ever. Trillions!)
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To: ForYourChildren

“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


26 posted on 06/27/2017 10:46:02 PM PDT by ForYourChildren (Christian Education [ RomanRoadsMedia.com - Classical Christian Approach to Homeschool ])
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To: ForYourChildren

Instead. “Premiums rose an average of 25 percent across the 39 states that use the HealthCare.gov marketplace. Only one state (Indiana) saw premiums drop in 2017”


27 posted on 06/27/2017 10:48:23 PM PDT by ForYourChildren (Christian Education [ RomanRoadsMedia.com - Classical Christian Approach to Homeschool ])
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To: ForYourChildren

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


28 posted on 06/27/2017 10:50:35 PM PDT by bobo1 (Truth has but only one voice.)
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To: ForYourChildren
White house economists...

No such animal existed at the time of these "predictions". Zero only had economic propagandists.
29 posted on 06/27/2017 11:22:37 PM PDT by SpaceBar
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To: ForYourChildren
Heck 25% you say?

My health insurance went up from $2,400/ yr to $16,800/ yr overnight!

30 posted on 06/27/2017 11:29:47 PM PDT by prophetic (0Bama = 1 illegal president = 32 illegal, unconstitutional & unnecessary CZARS to do his job!!)
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To: Aria

Don’t forget Chicago, LA, San Francisco, Seattle, St. Louis


31 posted on 06/27/2017 11:49:43 PM PDT by octex
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To: ForYourChildren
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
That huge growth spurt must have slipped by them when they weren't looking.
32 posted on 06/28/2017 12:14:20 AM PDT by lewislynn (So what did he say that got him in trouble with Democrats?)
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To: ForYourChildren

Obama was extraordinarily mediocre...


33 posted on 06/28/2017 12:48:46 AM PDT by Vendome (I've Gotta Be Me - https://www.youtube.com/watch?v=wH-pk2vZG2M)
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To: ForYourChildren

More like 150%


34 posted on 06/28/2017 1:29:28 AM PDT by mindburglar (When Superman and Batman fight, the only winner is crime.)
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To: TomGuy

Exactly. All pre planned so he’d have to borrow to redistribute wealth and to bring the country deeper into debt so as to cripple for years after he’s gone.


35 posted on 06/28/2017 2:03:43 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: ForYourChildren

Their predictions were actually quite low for Obama, Hitlery and the cronies. Their personal economy grew quite well.


36 posted on 06/28/2017 2:07:05 AM PDT by fella ("As it was before Noah so shall it be again,")
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To: ForYourChildren

8 years of lying and cover up is finally coming to light. The great Kenyan experiment was pitiful failure at best and a devastating one to the USA


37 posted on 06/28/2017 3:13:30 AM PDT by okie 54
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To: ForYourChildren

Obamas whole presidency was an over estimation.


38 posted on 06/28/2017 3:38:22 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: ForYourChildren

‘Focused like a laser’


39 posted on 06/28/2017 3:51:37 AM PDT by kanawa (Trump Loves a Great Deal)
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To: ForYourChildren

Wonder how much they are under-predicting Trump?


40 posted on 06/28/2017 4:23:34 AM PDT by bray (Pray for President Trump)
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