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January 13, 2009

Hope and Change: Obama Cooking the Books on the Economy?

Obama's pick to run the executive OMB was previously the director of the Democratic-run CBO.

He's now predicting doomsday type numbers up to five times worse in terms of deficit than the CBO he ran was predicting a month ago.

Because, of course, the worse predictions he makes now, the better Obama looks later.

Clinton did this too, of course, claiming the numbers on the economy were sooooo much worse than he'd known that he'd have to cancel that middle class tax cut we were all so anxious for.

Bush tried this a bit himself. He said, during the long recount battle, the economy had stalled. Democrats and their spokesmen in the MSM claimed he was making it all up, just "talking the economy down."

Of course, two weeks after Bush was sworn in, Greenspan reported that the current rate of GDP growth was, and I do quote, "zero point zero."

So the economy had fallen from 3.5% (or thereabouts) to 0.0% growth in the period Bush claimed the economy had stalled, but the Democrats and the MSM of course all contended that all of this dramatic fall-off must have happened from the very minute Bush was elected.

Obama's really setting a new high in setting the bar for lowered expectations. And, even more than Clinton, he has the lapdog media to snap to his commands.



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posted by Ace at 07:31 PM

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