Quote:
Originally Posted by spence
Jim, if you'd make even the slightest attempt to form a reasoned opinion you'd answer this and most all of your questions.
Obama never "promised" an 8% unemployment cap. He cited an economic study that "projected" 8% given the current understanding of the recession and which came with heavy disclaimers. All the data the CBO and other groups were using was later found to have underestimated the severity of the economic downturn.
As for it not returning anything, a few seconds with the google will let you know that the CBO and vast majority of economists refute your opinion.
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chugging the Kool Aid.
Does Obama deserve no blame for underestimating the severity of the downturn, or for overestimating his ability to lead us out of it. or overestimating his ability to come up with a plan that lets us keep our doctors, or overestimate his plan's ability to save us all 2500/year, or the fact that he underestimated the risk in pulling out of Iraq, or the he underestimated the depravity of ISIS, and underestimated the ability of the Surge to do exactly what the military suggested it would do?
You're making my case for me. The way Obama read the tea leaves, he could spend a trillion and keep unemployment below 8%. He failed miserably. You give him a pass. Shocker...
"As for it not returning anything"...woah...who said it didn't return anything?
The CBO refutes my opinion? That would be the same CBO that in your previous sentence, you said was way off base about the severity of the downturn? So you throw them under the bus to save Obama, but two seconds later, you are citing them to refute me?
Obama sold his stimulus on the fact that he agreed with those who said it would keep unemployment below 8%. Does he bear any responsibility for the complete failure to deliver on his statement?