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Worst Economy in a Generation

November 17, 2008 RSS Feed Print

The latest forecast from Macroeconomic Advisers predicts a 3.9 percent GDP drop in 4Q, the worst decline since the first quarter of 1982 when the economy shrank 6.4 percent. (Remember, these are annual rates.) I think it is time to hike taxes, yes?

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When you compare predictions (of a select group) to actual results, you are mixing apples and oranges and any conclusion is bogus.In the current case, you aren't even comparing rates of something - you are trying to compare "changes in rates of something". Totally invalid and a stretch to come up with a headline supporting "statistic". You know what they say about statistics - and this doesn't even qualify for that.

Dennis of IL 11:32PM November 18, 2008

Worst Economy in a Generation

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