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Thursday, February 02, 2012

CBO REPORT - OMG!

The Congressional Budget Office (CBO) is out with its annual report [6]. It’s a blockbuster. This 165 page monster is filled with dozens of charts, graphs and detailed projections. It will be talked about for weeks. The report provides a dismal outlook for the economy. There is one data point I'd like to focus on.

Here is the CBO forecast for real GDP for 2012 and 2013:



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4 comments:

Anonymous said...

Aren't these the same idiots who gave the thumbs up to Obama care and then later said they miscalculated?

Anonymous said...

And you can still find 49% of the American people who approve of the job Obama is doing according to Rasmussen polling. Where are these people? Where were they educated? He is a colossal failure anyway you measure it. America will continue toward it's downfall if he gets another 4 years.

Anonymous said...

but michelle said we're doing so much better...

Anonymous said...

What don't you clowns get about "historic recession"? 8 million lost jobs and foreclosures out the wahoo. Sorry, but I would like to see us have a trully sustainable long term recovery, not the boom of busts we seem to keep running into every 5-10 years.