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Former CBO Head Slams Stimulus Figures


Geee

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Fox News:


Stimulus Figures Questioned Amid Call for Economic Team Firings

A leading Republican economist criticized lawmakers Wednesday for trying to hold up a new report from the budget office he used to lead as evidence that the stimulus is working.

Amid a GOP push for President Obama to fire his economic team, a Congressional Budget Office report said the stimulus package created or saved up to 3.3 million jobs and boosted the gross domestic product by up to 4.5 percent.

House Speaker Nancy Pelosi pointed to the study Wednesday as proof that Democratic policies were turning the economy around and that millions of people would have been jobless if not for the Recovery Act.

But Douglas Holtz-Eakin, former CBO director, said the CBO analysis cannot be taken "at face value."

The CBO report not only gives a wide range for stimulus impact in the second quarter of 2010 -- saying between 1.4 million and 3.3 million jobs were created or saved and economic growth was somewhere between 1.7 percent and 4.5 percent -- the models used are designed to spit out positive figures, he said. snip
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Rush had some clips of news today (Thursday) in which Presstitutes breathlessly reported that Obama took time away (gasp) from his busy vacation to handle high level phone conference with his economic team.

 

In the meantime our soldiers are dying and the country is going to hell.

 

And the popularly elected leader is golfing, eating ice cream, shrimp, and pacifying the Wookie.

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This is the same CBO that willingly went along with the fraudulant accounting used to justify the economic benefits of Health Care "Reform". Any report from them is suspect, to say the least.

 

The CBO is supposed to be independent and unbiased. The current CBO staff is obviously politically partisan and ethically pliant. Another reason to throw the current crop of bums out.

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