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AP Economists: Budget Deal Will Boost Economy

From a shameless Associated Press:

How budget deal should help support US economy

By JOSH BOAK | December 18, 2013

WASHINGTON (AP) — Congress is on the verge of doing something it hasn’t done during three years of partisan warfare: Passing a budget deal that won’t likely hurt the economy.

And never mind that the Democrats refused to even produce a budget. The AP blames both sides.

The two-year spending plan the Senate is expected to approve Wednesday all but removes the threat of another government shutdown like the one that slowed the economy in October.

What a blatant lie. The shutdown didn’t hurt the economy at all. Even the Associated Press had to admit that on December 4th: "Fed: US growth stays moderate during shutdown — Economic growth held steady in October and November despite government shutdown."

Among other things, the agreement will roll back some of the automatic federal spending cuts that kicked in this year.

The sequester has not hurt the economy, either.

The result? Economists say the U.S. economy has a good chance to accelerate at its fastest pace since before the Great Recession struck six years ago.

The ‘Great Recession’ ended back in June 2009, which is more than four and a half years ago. The sequester cuts didn’t go into effect until this year. The government shutdown was in October. So what was the excuse between June 2009 and January 2013?

Growth has plodded along at a 2.4 percent annual rate so far this year. Bolstered in part by the budget deal, the economy is poised to expand 2.9 percent next year, its healthiest pace since 2005, according to an Associated Press survey of economists…

Hilarious. These same ‘economists’ make the same rosy predictions, week after week, month after month, year after year — during Obama tenure. And they have always been flat wrong.

Just as they were wrong with their constantly negative predictions under Bush. That is, until the Democrats took control of Congress, and were able to make their dreams come true.

This article was posted by Steve on Wednesday, December 18th, 2013. Comments are currently closed.

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