Tuesday, March 09, 2004

Promises, Promises

Op-Ed Columnist: NY Times: "Economic forecasting isn't an exact science, but wishful thinking on this scale is unprecedented. Nor can the administration use its all-purpose excuse: all of these forecasts date from after 9/11. What you see in this chart is the signature of a corrupted policy process, in which political propaganda takes the place of professional analysis. "
Sources: Bureau of Labor Studies; Economic Reports of the President, 2002, 2003 and 2004.

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