Sharper Downturn Clouds Obama Spending Plans

[mandy_croyance]

Comments

[bord_du_rasoir]

For comparison, the Congressional Budget Office projects real GDP growth of -2.2% for 2009 and 1.5% for 2010, and an unemployment rate of 8.3% in 2009 and 9.0% in 2010, placing the CBO analysis as slightly more pessimistic than the average private forecast. http://www.cbo.gov/ftpdocs/99xx/doc9957/01-07-Outlook.pdf

Why, then, does the White House estimate deviate so significantly from the consensus? The criticism of Obama I had been hearing in the lead-up to his address to Congress was that his rhetoric had not been optimistic enough. So, why the seemingly overly optimistic forecasts? How do they serve to benefit? Why would their forecasts be overly optimistic? Did they not consider that people would make the obvious comparisons as is done in this article? Has the White House been reached for comment?

[allhatnocattle]

Conversely, why does everyone else have such dire predictions ignoring the better informed Whitehouse?

Washington is better informed. They know for sure if they're going to invade Venezuala or not. We the public have no idea.

[bloody_pickle]

I really have no idea

OT

[realityvsdreams]

why is rush limbaugh on MY cnn? GTFO and stick to radio plz