Of course [the administration's economic forecasts are] too optimistic. In fact, the word optimistic is too optimistic. A better choice might have been "insane".Here's my list of predicted similarities between Bush and Obama from Inauguration Day. Unlike Megan, I did not believe that Obama would be more non-partisan nor more accountable than Bush. Anytime I can beat Megan in a game requiring smarts, lookout for the blue moon.
Having defended Obama's candidacy largely on his economic team, I'm having serious buyer's remorse. Geithner, who is rapidly starting to look like the weakest link, is rattling around by himself in Treasury. Meanwhile, the administration is clearly prioritized a stimulus package that will not work without fixing the banks over, um, fixing the banking system.
But [Obama] has now raced passed Bush in the Delusional Budget Math olympics.
Thursday, March 12, 2009
Bush vs. Obama in the Delusional Math Olympics
Megan McArdle thinks: