CBO Admits It Ignored the Economy’s Actual Performance

[JBeukema]

If a meteorologist was asked what the day’s high temperature had been, would it be acceptable to simply repeat his/her earlier forecast? Of course not. The forecast was merely a prediction, which should now be replaced with what actually happened.
Yet that is the approach the Congressional Budget Office (CBO) used when declaring that the stimulus had saved 1.5 million jobs. Rather than actually examine the performance of the post-stimulus economy, it essentially re-released its old forecast that the stimulus would likely create jobs.

Stimulus Jobs Count: CBO Admits It Ignored the Economy?s Actual Performance Stop the Pork!

 

[boedicca]

Nobody who thinks rationally believes that the Stimulus created or saved any meaningful amount of jobs. At most, it preserved some state and municipal public employees - which, given the dismal state of the economy, should have been eliminated.

Given how the CBO is just regurgitating a pre-determined "spin" number, the ObamaCare score is equally tainted.