So...the economy was actually worse off than the Obama administration predicted. To me, that sounds like the need for a stimulus was even greater than people thought. There is no reason that these job loss numbers could not have continued to accelerate upwards of 12-15% given the right circumstances (like a collapse of the financial sector). The actual data is more suggestive of that kind of effect with an overall much deeper arc of unemployment.
Economics is not an exact science. The writer of the article presumes that simply because the Obama adminstration lowballed how bad unemployment actually would get that they are somehow at fault (and that all the other predictions they made were correct). He holds the fact that the economy actually turned out to be worse than the Obama administration expected against them. That doesn't really make any sense to me. He then turns around and assumes that all the other predictions the administration made were correct. How about if he ADJUSTED the curve for the ACTUAL numbers.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
