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January 27, 2009
Oh Look! An Actual CBO Report!
And guess what? It shows that the Obama recovery package "would have a noticeable impact on economic growth and employment in the next few years." Kevin Drum reports:
Overall, then, it looks like the spending part of the bill is maybe 90% clean as short-term stimulus. And on the supply side, nearly 100% of the tax cuts are allocated during the next 18 months.
Okay, so at least for now, the completely made-up CBO report was met with all kinds of reporting and pot banging, and an actual CBO report -- a report that's favorable to the economy and the Obama plan -- is being almost entirely ignored.
Filed under: Cable News || CBO || Economy || Fake CBO Report || Stimulus
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Posted By Bob Cesca | January 27, 2009 9:43 AM
Comments
Well, I've been watching MSNBC for the last 2 hours. No word of anything CBO. Just talk about Obama's meeting with the dirty GOP.
Posted by: Broadway Carl at January 27, 2009 12:24 PM
I typically ignore CBO reports. You should too. They are, at best, a political statement on how confident the committee is about any proposal. As I said yesterday, none of these people ACTUALLY KNOW if their plan will work.
Do the math. If either party had a clue about how to get out of deep recessions, and either party had ever had a plan that actually worked as designed, the argument about the best way to "stimulate" the economy would be over long ago. The fact that they still argue tells us everything we need to know about how much they know.
In other words, they are completely guessing.
Posted by: politicalpartypooper at January 27, 2009 12:41 PM
My guess(I refuse to look)is that Drudge did not put up the new report therefore it does not exist in the 'leeeeeeeeebrul' media
Posted by: steve b at January 27, 2009 7:31 PM
