Thursday, March 20, 2014

Judging Obama's Economy By His Own Promises - Investors.com

Judging Obama's Economy By His Own Promises - Investors.com: "Perhaps the best metric is Obama's own promises about what his economic plan would produce. Those are contained in his first budget, which was issued in early 2009.

Above are charts comparing that budget's forecasts for key economic indicators with what actually happened.

The results are startling. The economy did far worse than Obama thought it would on every important measure.

But, his backers say, the recession was deeper than Obama expected at that point. Except that nominal gross domestic product in 2010 turned out to be exactly where Obama said it would be. It was only after then that growth fell short."



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