Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Economics
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Economics Discuss Rosy Scenario, or the Audacity of Hope? at the Political Forums; Rosy Scenario, or the Audacity of Hope? Here (in red) are the growth forecasts used to put out the new ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 03-02-2009, 02:02 AM
cnredd's Avatar
Administrator
 
Join Date: Oct 2007
Location: Philadelphia
Gender: Male
Posts: 56,817
Thanks: 2,396
Thanked 38,450 Times in 21,529 Posts
Default Rosy Scenario, or the Audacity of Hope?

Rosy Scenario, or the Audacity of Hope?

Quote:
Here (in red) are the growth forecasts used to put out the new Obama administration budget, followed by the consensus forecast of a panel of "Blue Chip" private forecasters (in blue, naturally). (Source. Go to Table 3.)

2009: -1.2% -1.9%
2010: +3.2% +2.1%
2011: +4.0% +2.9%
2012: +4.6% +2.9%
2013: +4.2% +2.8%

Accumulating the difference, you find that Team Obama projects about 6 percent higher GDP in 2013 than do private forecasters.

Economists wonder: Rosy Scenario makes a comeback?

Quote:
The Obama administration's outlook has private economists wondering: Has Rosy Scenario made a comeback?...

Nariman Behravesh, chief economist at IHS Global Insight, a major private forecasting firm, called the administration's forecasts "way too optimistic" and said it could represent a return to the overly optimistic forecasts of previous administrations confronted by surging budget deficits.

"They used to joke during the Reagan years that the highest ranking woman in the administration was Rosy Scenario," he said. "We may be seeing a return of Rosy Scenario."
History repeating itself...

The whole reason this country's credit is in such a mess is because of irresponsible people justifying their current credit by believing (against reality) that everything will go their way in the future...

Now it's being done on a federal level with taxpayer money...
__________________
"You get the respect that you give" - cnredd
Reply With Quote
Reply

Tags
audacity, hope, rosy, scenario, the

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 09:58 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2021, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0