Friday, August 19, 2011

Where Are the Positive Economic Projections From the Debt Deal?

Since the debt deal, we've seen many economic houses and analysts lower their projections for overall US growth, but no major upward revisions -- at least, none that I've seen.

Has anyone seen a credible, non-think tank, upward revision to a GDP projection since the debt deal was passed, where the passage of the debt deal was the catalyst for the upward revision? Anyone? Do these revisions include their assumptions, or are they just spouting off (writing an opinion without basing it on any economic assumptions)? No assumptions = non credibility.

Please post sightings in the comments.

4 comments:

IL JimP said...

Did anyone ever say that would happen under than ridiculous RWers? I know the administration didn't.

WSM said...

"Has anyone seen a credible, non-think tank, upward revision to a GDP projection since the debt deal was passed..."

Can't tell if you're being serious or sarcastic here. But if you're serious, what in the world would lead you to expect UPward revisions to GDP resulting from the debt "deal"?

Hale Stewart said...

WSM

I'm not being sarcastic. I'm looking for credible positive projections.

WSM said...

Well don't hold your breath. How anyone could conclude that the "deal" would cause UPward projections (as opposed to DOWNward) is beyond me.