Throughout the Obama presidency, we always heard what a great asset he was to the economy but we never saw any evidence to back it up.
Rational people looked at the numbers and saw the weakest recovery since World War II. But yet, all the “expert” economists assured us things would be fine and Obama’s plans would send the economy skyrocketing.
Now that Obama is gone, some economists who know what they are doing took a look at the data and made an interesting discovery. The experts were wrong. By a lot.
From The Daily Caller:
White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.
Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent.
Hey not bad. Only 80% off.
Imagine walking into work on Monday and telling your boss that your projections were 80% off. Think he (or she!) would be alright with that? I’m going to go with no.
The moral of the story is don’t believe everything you read and just because an “economist” says it doesn’t mean it’s true.
Take Paul Krugman for example. He’s the go-to economist in liberal circles and he is wrong literally all. the. time. I’m not exaggerating. Look it up.
So next time you hear an economist on television tell you something like it’s a fact, regardless of what party it relates to, do your own research.
Nobody out there has a monopoly on the truth.
Like we always say around here: always question the premise.