Why are the Obama admins economic projections always wrong?

average GDP half of what the Obama admin predicted

Obama admin unemployment predictions haven't even been close, and at no point in the past three years have they matched what the Obama admin predicted they would be.

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  • Anonymous
    8 years ago
    Favorite Answer

    His administration projects anything if it will help his reelection effort and they don't care if they are wrong.

    Source(s): SAVE THE NATION VOTE ROMNEY/RYAN.
  • 8 years ago

    GDP is greater than predicted so, yeah, guess we off a little ...

    Economic projections extend more than 4 yrs, usually 10 yrs average; therefore you can't break into the timeline at 4 yrs and say a 10-yr projection is off ... duh

    Turning around a crashed economy took the '30s at least 10 yrs to recover and yet you expect US to do it in only 4! This Admin has created miracles during the first 6 mos, 1 yr and even 4 yrs and should not have to defend their positive GDP, stock market, greatly improved unemployment rate, etc to anyone, including you. The record stands. The record is solid.

    The Bush-Cheney economic advisors Romney employed are 27:32 the SAME and therefore will act the SAME and our economy will CRASH AGAIN if they take over at the end of this year!

    Not only that but Romney has threatened WAR with Iran. What will that do for our economy? And if Iran goes to war with US, Iraq & Afghanistan will unite against US. Then Russia, China, Egypt, Libya, Syria, N Korea and Venequela will join in just as they were ready to do 4 yrs ago ...

    Is that what you want?

  • 8 years ago

    http://everydayecon.wordpress.com/2012/09/17/qe3-a...

    QE3 is raising the GDP by purchasing MBS on a monthly basis to the tune of $40 billion per month. Again another artificial stimulus of the economy with very minimal results. There are supposed to be approx. 300,000 part time temp jobs for the Christmas season but these will be gone in January. Home building is picking up due to QE3 and this has opened the door to easy credit again. Another perfect storm?

  • Anonymous
    8 years ago

    You are implying that Obama is a failed leader. Well, he isn't. To democrats he’s a dream-maker. He has advanced the democrat agenda beyond their wildest dreams regardless of the economy:

    The democrat party has always embraced Republican Teddy Roosevelt’s “New Nationalism.”

    In a speech on August 31, 1910 in Osawatomie, Kansas TR laid out his agenda for a welfare-state, including:

    -A National Health Service

    -Social insurance, to provide for the elderly, the unemployed, and the disabled

    -Limited injunctions in strikes (unions have always been a privileged class in welfare/socialist states)

    -Federal income tax

    -An inheritance tax

    As to how his agenda would affect our Constitution? He couldn’t have cared less:

    ”This, I know, implies a policy of a far more active governmental interference with social and economic conditions in this country than we have yet had, but I think we have got to face the fact that such an increase in governmental control is now necessary.”

    Democrat President Wilson (1913-1918) said, “You are not here merely to make a living. You are here to enable the world to live more amply, with greater vision, and with a finer spirit of hope and achievement. You are here to enrich the world. You impoverish yourself if you forget this errand.” He may have been the first democrat to appreciate the potential use of multiculturalism (“If it’s white or American, trash it!”) in deconstructing the Constitution, saying, “No nation is fit to sit in judgment upon any other nation.” Obama put it this way: “Every nation is exceptional in its own way.”

    Democrat President Roosevelt “let it all hang out” in his speech before Congress on January 11, 1944:

    “We have accepted, so to speak, a second Bill of Rights...” [which included] the right: to earn enough to provide adequate food and clothing and recreation; of every family to a decent home; to adequate medical care and the opportunity to achieve and enjoy good health; to adequate protection from the economic fears of old age, sickness, accident, and unemployment.

    [Of course, democrats rarely credit our semi-capitalist, Constitutional economic system with doing a pretty da%n&* good job of achieving those goals. Until their utopian CHANGE is achieved they’ll never be satisfied]

    -LBJ’s CHANGE, The Great Society, became the largest redistribution of wealth program in history. But Obama will out-CHANGE them all.

    It is only because of the Internet, talk radio and Fox News (all non-existent a generation ago!) that we are learning the truth about the democrat party and how effective it has been in replacing our Constitution with its welfare state model:

    -2/4/10 Gallup poll: 61% of liberals have a positive view of socialism.

    -6/2/11 Gallup poll: 71% of democrats favor re-distributing wealth.

    -9/6-9/2012 http://www.gallup.com/poll/157481/majori… Those who believe government should have more control over our lives: Republicans 15%; Independents, 29%; Democrats 67%.

    -Now they have national health care, the foundation of all welfare and socialist states.

    Ben Franklin: "When the people find that they can vote themselves money, that will herald the end of the republic."

    Thomas Jefferson: "A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.”

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  • 4 years ago

    Democratic lawmakers do no longer want classified ads. The tests that Seniors are receiving now to cover the dough-hollow in Medicare, area D communicate for themselves. they are receiving them using fact the passage of the low priced Care Act that President Obama signed into regulation. those detrimental speeches with regards to the low priced Act are full of lies on the breaking point of libel. The administration have each and every precise to tell the fact and supply up the unfold of lies. of direction, coverage companies made a deal. without wellness care reform, maximum of their purchasers could drop their coverage and verify in on Medicare using fact the inhabitants have been given older. coverage companies had greater to worry from doing no longer something than a public decision or single payer equipment. With wellness care reform, the coverage companies now have incentive to strengthen the coverage pool and decrease expenses.

  • Anonymous
    8 years ago

    ALL economic predictions are ALWAYS wrong because:

    1. They are PREDICTIONS STUPID!!!! And

    2. Economics is not an exact science and never will be.

  • many economic predictions have been wrong over the past 4 years, including many conservative ones...

    so... your point is? Obama's are wrong and ignore the rest...lol

  • LOL

    Economic projections by everyone are always wrong.

  • 8 years ago

    Obama CANNOT defend his FAILED economic and foreign policies, FACT!!!

    ROMNEY/RYAN 2012

  • Either they are clueless or they are being dishonest, or both.

  • 8 years ago

    The sheep don't hold them accountable for lying. No reason to tell the truth when lies work better in getting votes.

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