Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: TimF	2/27/2009 5:48:32 PM
	1 Recommendation of 224750

Rosy Scenario, or the Audacity of Hope? 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.) <I can't replicate the colors, the "red"/Obama figures are to the left the "blue"/private forecasters figures are to the right> 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% A related news story: 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." ... gregmankiw.blogspot.com

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