November 18, 2009

Obama's crystal ball is cracked

This morning the October inflation number came out. It's up 0.3%. Housing starts are also down 10%. And earlier today in Asia, the President announced that Gitmo would not be closing on time as per his schedule.

All three of these items were unexpected.

The question I have is this: if they can't predict one year or even for economic numbers one month ahead, why would anyone believe the health care cost forecasts they have stewed up, or even further out the need for cap and trade to prevent the planet from turning into a second sun?


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