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Partisan Bias and Economic Forecasts


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2012 Oct 9, 12:17pm   510 views  0 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

http://economix.blogs.nytimes.com/2012/10/09/partisan-bias-and-economic-forecasts/?ref=business

Perspectives from expert contributors. Economists belonging to a particular political party often produce forecasts that tend to suit the needs of their party. This is especially evident right now in the case of Republican economists, who appear to have decided that the best way they can help Mitt Romney is by predicting a recession next year. I first noticed this trend on Sept. 27, when the former Reuters and U.S. News columnist James Pethokoukis, now employed by the conservative American Enterprise Institute, said that the United States economy was “running out of steam” and that there was now a 50...

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