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Experts: Obama Too Optimistic on Economy
cbsnews.com ^ | July 14, 2009 4 hours ago | Jeanne Cummings

Posted on 07/14/2009 2:41:35 PM PDT by Dubya-M-DeesWent2SyriaStupid!

Politico Miscalculation Would Mean Much Higher Deficits Than the Administration Is Now Acknowledging

A series of POLITICO interviews in recent days with independent economists of varied political stripes found widespread disdain for Obama’s first round of assumptions, with some experts invoking such phrases as “rosy” and “fantasy.” (CBS/AP)

President Barack Obama’s economic forecasts for long-term growth are too optimistic, many economists warn, a miscalculation that would mean budget deficits will be much higher than the administration is now acknowledging.

The White House will be forced to confront the disconnect between its original, upbeat predictions and the mainstream consensus about how the economy is likely to perform in a new budget forecast to be unveiled next month.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: bho44; mugabe; obamalies; obamamarxist; obamatruthfiles
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1 posted on 07/14/2009 2:41:36 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives
Image Hosted by ImageShack.us

Obama's economic policies only work in Imagination Land.

2 posted on 07/14/2009 2:45:37 PM PDT by mainepatsfan
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To: NoObamaFightForConservatives
He's scre*** with it so much already that any anaylsis is impossible.

What we do know is that he wants to PASS Universal Health Care and Cap and Trade....and he'll figure out how to scre* us some more later. (Saying this will pay for it isn't necessarily so and you and I know that he wants MORE from ALL working people!!

3 posted on 07/14/2009 2:46:02 PM PDT by Sacajaweau
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To: mainepatsfan
He is in fantasy land.

Obama Paints a New Vision for Nation's Urban Policy

4 posted on 07/14/2009 2:48:20 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives
...whether the country can afford Obama’s big agenda.

It's not a question, Einstein; there's no "whether" or "if" in this.

5 posted on 07/14/2009 2:48:25 PM PDT by RepublitarianRoger2
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To: NoObamaFightForConservatives
Check out this quote I found.
"What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the [un]hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy."--Lawrence Summers

6 posted on 07/14/2009 2:50:21 PM PDT by coffee260 (coffee)
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To: RepublitarianRoger2


7 posted on 07/14/2009 2:53:59 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives

Fantasy is the best word for it.

The hole may be too deep to ever climb out of.


8 posted on 07/14/2009 2:54:49 PM PDT by Gabrial (Obama Lied - The Republic Died)
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To: NoObamaFightForConservatives

In the case of Obama, optimism is not honesty. Obama is lying and citizens are seeing it.


9 posted on 07/14/2009 2:55:49 PM PDT by dforest (Anyone dumb enough to have voted for him deserves what they get.. No Pity!)
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To: NoObamaFightForConservatives

Someday, around the year 2050, when the debt ceiling has been raised to $1 Quadrillion, and bread costs $5000 a loaf, they’ll still be blaming Bush.


10 posted on 07/14/2009 2:56:45 PM PDT by Deo volente
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To: NoObamaFightForConservatives

I’d certainly expect him to tout his own policies, so this shouldn’t be a surprise, but the Republicans are missing a great opportunity, since 0bama’s economic policy is doing poorly.

If I were in charge, I would be broadcasting 0bama’s pleas for passage of his act to save the world, and then if American’s still had faith in 0bama’s ability to manage the economy. He was given everything he asked fofr to stimulate the economy, but it failed.

His chief of staff said, “Don’t waste a crisis.” Why are Republicans wasting this crisis?


11 posted on 07/14/2009 2:58:34 PM PDT by khenrich (If the Iraq war was so wrong, why is the Afghanistan war so right??)
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To: NoObamaFightForConservatives

Obama is a con-artist.


12 posted on 07/14/2009 2:58:45 PM PDT by FreedBird
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To: NoObamaFightForConservatives
Everybody, all together now...."Obama Miscalculated - Jobs Eradicated"
13 posted on 07/14/2009 3:00:12 PM PDT by TexasNative2000 (Bush was the dumbest sounding smart President, and Obama is the smartest sounding dumb President.)
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To: mainepatsfan

anyone have the master of the obvious picture?


14 posted on 07/14/2009 3:00:50 PM PDT by MNDude
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To: NoObamaFightForConservatives

I suspect that there is something fundamentally dishonest about all of this. Everyone knew that Obama decided to throw fiscal sanity out the window and completely ignore any concerns about the national debt. What I don’t understand is how anyone can supposedly make any predictions about future economic growth and be believed. This is a complete charade from start to finish. From what i can tell, economists and policy wonks are generally just interested in keeping government growing at a steady pace.


15 posted on 07/14/2009 3:06:38 PM PDT by dr_who
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To: coffee260
A write up on the Hayek legacy

Guess Who's Coming to Bilderberg - Tim Geithner NY Fed Pres.

Geithner Attends Bilderberg Meeting.

16 posted on 07/14/2009 3:07:44 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: dr_who
The charade is one that is hard to believe. 0bama wants us to fail to usher in what Al Gore spoke about the other day. Global Governance.


17 posted on 07/14/2009 3:13:11 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives

The left certainly loves to centralize power. Seems to be their solution for everything.


18 posted on 07/14/2009 3:21:35 PM PDT by dr_who
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To: NoObamaFightForConservatives
Experts: Obama Too Optimistic on Economy

Really? Is there an 'expert' out there who can confirm that water is wet?

19 posted on 07/14/2009 3:34:07 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: NoObamaFightForConservatives

He’s not optimistic, he just truly believes that if he speaks it, it happens.


20 posted on 07/14/2009 3:42:43 PM PDT by CaptRon
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