Eric Holder releases 9 secret documents from Bush administration

Originally Posted by classicman

Sure they will, and based upon HIS numbers the economy is going to grow at 3-4% for the next few years - contrary to what virtually every supply side economist says. If it doesn't grow at that rate the deficit is going to be gigantic!

fixed that for ya....now that I got the hang of it.

The National Association of Business Economics, just one group among many economists, who see a solid recovery beginning in 2010, based in large part on the impact of the stimulus package.

A survey of leading economists finds them now forecasting a far deeper and more painful recession ahead in the first half of the year, but a modest pickup in the second half of 2009, followed by a solid recovery in 2010....


..Still, the optimism that the economists had back in November has been pushed back, rather than abandoned. They forecast that the economy will see healthy 3.1% growth during the course of 2010, as they expect unemployment to start to ease as employers add 1.3 million jobs during the year..

Economists see deeper pain, followed by gain

The Obama budget projection is 3.2% for 2010....followed by 4% in 2011 and 2012, well within the range of many economic projections.

So where are these "virtually every economist" you speak of?

[DanaC]

Originally Posted by Redux

fixed that for ya....now that I got the hang of it.

Ur doin it right

lol

[Shawnee123]

lol @ that photo.

[Trilby]

Originally Posted by Shawnee123

lol @ that photo.

That was before the ravages of percocet addiction got to him.

[TGRR]

Originally Posted by Brianna

That was before the ravages of percocet addiction got to him.

Oxycontin..."Hillbilly heroin".

[TGRR]

Originally Posted by Shawnee123

lol @ that photo.

Holy shit! It's MEATHEAD!

TGRR,
Misses All In The Family.

[Shawnee123]

He needs more than percocet.

[Shawnee123]

Oh he does look like Meathead. All he needs is a little Sally Struthers.

[TGRR]

Originally Posted by Shawnee123

Oh he does look like Meathead. All he needs is a little Sally Struthers.

BUT MIIIIIIIIICHAEL...
\

[Shawnee123]

lmao!

[Undertoad]

That would be an annual growth number never achieved during the Clinton era, and only 2 years out of 8 during the W. era.

It could happen, but the projection took balls.

Originally Posted by Undertoad

That would be an annual growth number never achieved during the Clinton era, and only 2 years out of 8 during the W. era.

It could happen, but the projection took balls.

A gdp annual growth rate of 3-4% is hardly out of the norm, particularly given the depth to which it has sunk over the last two years.

But I'm not an economist.....just challenging classic's bold statement about "virtually every economist.'

Last year, the Fed projections:

Fed officials substantially downgraded their GDP projections, expecting at best weak growth into 2010. At their October meeting, the 17 current Fed policymakers forecast economic output in 2009 ranging from a 1% decline to a 1.8% increase between the fourth quarter of this year and the final three months of next year. Excluding the three highest and lowest figures, the forecasts fall between -0.2% and 1.1% next year and between 2.3% and 3.2% in 2010. The 2011 projections appear to be all over the map: ranging from 2% to 5% GDP growth including all policymakers, or 2.8% to 3.6% under the central tendency forecasts.

http://blogs.wsj.com/economics/2008/...ess-into-2010/

This was right after the election and well before the economic stimulus package, which even the most pessimistic economists believe will likely contribute to economic growth....the difference of opinions is which part of the stimulus (spending or tax cuts) and how much growth might result.

[Undertoad]

That was before the reporting of the worst quarter (4Q08) since 1958.

Originally Posted by Undertoad

That was before the reporting of the worst quarter (4Q08) since 1958.

The latest Fed projections from Jan 09....and include GDP growth of 2.5 -3.3% in 2010 and from 3.8-5.0% in 2011.

The CBO projection (pdf) in GDP growth from a Jan report are a less optimistic 1.5-2.5% increase in 2010 and an annual average of 4% in 2011-2014.

So, at the very least, you have Fed economists, CBO economists, National Association of Business Economics economists, and many other economists, who might not necessarily include themselves in the "virtually all economists dont agree with Obama economic growth estimates."

What you have, for the most part, are virtually all supply side economists at the Hoover Institute, Heritage Foundation, etc.