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.
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(Excerpt) Read more at dailycaller.com ...
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.
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.
Smiling contest
GO!
If you like your doctor you can keep him.
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.
“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
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”
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
My health insurance went up from $2,400/ yr to $16,800/ yr overnight!
Don’t forget Chicago, LA, San Francisco, Seattle, St. Louis
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%
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.
Their predictions were actually quite low for Obama, Hitlery and the cronies. Their personal economy grew quite well.
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
Obamas whole presidency was an over estimation.
‘Focused like a laser’
Wonder how much they are under-predicting Trump?
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