Tim Cavanaugh on the Obama Administration's Stupidly Optimistic Predictions About Economic Recovery

|

Since 2007, official Washington has been desperately proclaiming that economic recovery is right around the corner. But as Tim Cavanaugh writes, for those who have been saying all along that none of the economic interventions since 2007 would revive the economy—not the rescue of Bear Stearns and other financial institutions; not the Troubled Asset Relief Program; not the American Recovery and Reinvestment Act; not Quantitative Easings I, II, and III; not the Patient Protection and Affordable Care Act; not Cash for Clunkers or Solyndra or the bailouts of Chrysler and General Motors—the cavalcade of stupid, wrongheaded, fantastical economic analysis coming out of official Washington and its media toadies in recent years would be hilarious if it was not so infuriating.

Advertisement