Trust Us; We Know How to Make Projections
2:21 PM, Mar 4, 2014 • By GEOFFREY NORMAN
The administration has produced a budget that includes various predictions not least of which concerns GDP growth. The White House, as Jeffry Bartash of Marketwatch reports, is looking for sunny days ahead and:
Having been in power for a while now, the administration has a track record when it comes to estimates of this sort. One that does not inspire confidence.
The number, as mentioned, came it at 1.9 percent.
And, of course, there was the famous graph used to sell the stimulus, showing that with its passage, unemployment would be held to under 8 percent.
We all know how that worked out.
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