Debate: Is White House Economic Forecast Too Rosy?

by Benjamin Domenech on 11:03 am March 9, 2009

Was President Obama’s economic forecast, as prepared by Christina Romer for the budget, too rosy? It estimated that the economy would shrink 1.2 percent this year and grow 3.2 percent in 2010, then grow at greater than 4 percent in 2011. Weigh the pros and cons of an optimistic forecast during a bad recession.

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