tag:blogger.com,1999:blog-6034478.post5514275085591255141..comments2024-03-28T22:28:33.411-04:00Comments on Doug Ross @ Journal: CBO: Economic outlook brightening thanks to President Obama's stellar leadership. Just kidding: deep recession and 9 percent unemployment on the way.Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6034478.post-26772243818928480342012-08-24T15:49:16.103-04:002012-08-24T15:49:16.103-04:00In the scenario mentioned in the article, which pr...In the scenario mentioned in the article, which predicts a -0.5% growth in GDP for 2013, it also predicts GDP will grow an average of 4.2% from 2014 to 2017. IMO calling -0.5% in 2013 a deep recession is not even a stretch, its downright disingenuous. It also doesn't mention the significant reduction in federal deficit that this scenario predicts. <br /><br />Meanwhile the other scenario they examine, which does not cause short term recession, causes federal deficits to continue at their current rate which will most certainly cripple the economy down the road. <br /><br />This article appear to be trying to combine the short term recession predicted by the first scenario with the continued crippling deficits of the second scenario, when they are in fact two separate things. <br /><br />I think the discussion intelligent people should be having about this is whether in the first scenario the price to pay (short term recession, increased taxes, reduced federal spending) is worth it in order to reign in the federal deficit. Or whether the short term benefits to the economy of maintaining spending and tax rates outweighs the long term deficit problems it perpetuates. <br />AC Pointsnoreply@blogger.comtag:blogger.com,1999:blog-6034478.post-6983527016884156332012-08-23T21:19:02.811-04:002012-08-23T21:19:02.811-04:00Sure, recession is imminent, the economy is stagna...Sure, recession is imminent, the economy is stagnant, debt is out of control, ObamaCare will bankrupt the (already bankrupt) country, prices for everything are skyrocketing... but, those are trivial compared to the REAL issues Democrats want to focus on: Romney's Tax Returns!<br /><br /><i>(I've got that bad feeling that if a large number of voters are more focused on tax returns, reality TV, and facebook than on real issues, America is already doomed.)</i><br /><br />Thanks for reading!The MUSEmanhttp://unsolicited.elementfx.com/blognoreply@blogger.com