The Cellar - View Single Post

Adak · 10-23-2012, 11:36 PM

@BigV:

Don't get angry with me about economic projections. Gov't and business has been using them since - roughly -- forever. The Egyptians used it when Israel was hit by famine, and had to relocate to Egypt to survive, if you remember.

Anyway, ALL budgets are based on projections. Are those projections reasonable?

Define "reasonable". Because they may prove to be too optimistic (typically), but sometimes they prove to be too pessimistic.

I wouldn't put a lot of stock in these projections. I would say for sure, that with Romney and Ryan and the Republicans in charge in the House and Senate, that our economy will begin to REALLY move forward after a period of re-adjustment in the gov't and in industry. If you haven't seen a recovery take off, I can tell you it's a wonderfully giddy thing, imo.

Would you mind if I linked you to a notable gov't economist for an oversight on how and why this works?

It won't make you like Romney, because Romney isn't mentioned. It's all about economic policy in a capitalist system.

10-23-2012, 11:36 PM	#473
Adak Lecturer Join Date: Sep 2009 Posts: 796	@BigV: Don't get angry with me about economic projections. Gov't and business has been using them since - roughly -- forever. The Egyptians used it when Israel was hit by famine, and had to relocate to Egypt to survive, if you remember. Anyway, ALL budgets are based on projections. Are those projections reasonable? Define "reasonable". Because they may prove to be too optimistic (typically), but sometimes they prove to be too pessimistic. I wouldn't put a lot of stock in these projections. I would say for sure, that with Romney and Ryan and the Republicans in charge in the House and Senate, that our economy will begin to REALLY move forward after a period of re-adjustment in the gov't and in industry. If you haven't seen a recovery take off, I can tell you it's a wonderfully giddy thing, imo. Would you mind if I linked you to a notable gov't economist for an oversight on how and why this works? It won't make you like Romney, because Romney isn't mentioned. It's all about economic policy in a capitalist system.