Barack Obama's Perilous Economic Predictions

As bad as the deficit is and as bad as Obama says that it's going to be, economists are warning that Obama is much too optimistic.

President Barack Obama’s economic forecasts for long-term growth are too optimistic, many economists warn, a miscalculation that would mean budget deficits will be much higher than the administration is now acknowledging.


The White House will be forced to confront the disconnect between its original, upbeat predictions and the mainstream consensus about how the economy is likely to perform in a new budget forecast to be unveiled next month.

Read more: http://www.politico.com/news/stories/0709/24899.html#ixzz0LFHTGYgS&C

Already it appears that Obama's forecast for this year was way too optimistic.