Romer cites WSJ survey of Economists positively
This takes some real Hutzpah. The Wall Street Journal survey of economists gave both Obama and Geithner "F"s for their handling of the economy.
Romer said that "most people are predicting" positive growth in the economy "some time in the second half of the year."
Here is what is amazing: Romer is using this survey as evidence that economists think that the Obama plan is working. Yet, if one actually reads the WSJ article you find,
The stimulus bill passes and economists think that the recovery that they were already predicting for this year was delayed by two more months.
Romer said that "most people are predicting" positive growth in the economy "some time in the second half of the year."
Here is what is amazing: Romer is using this survey as evidence that economists think that the Obama plan is working. Yet, if one actually reads the WSJ article you find,
On average, they expect the downturn to end in October. Last month, they said the bottom would arrive in August.
The stimulus bill passes and economists think that the recovery that they were already predicting for this year was delayed by two more months.
Labels: ObamaAdministration, stimulus
posted by John Lott at 10:57 PM
1 Comments:
Well maybe I'm being excessivly skeptical about anything coming from the Obama administration, especially from someone who is an economics professor at the University of California at Berkeley...
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