Economic modeling tools

From the Wall Street Journal:

The economic stimulus plan has created or saved 150,000 jobs since its inception in February, a senior White House Budget Office official said Wednesday.

Rob Nabors, the deputy director of the Office of Management and Budget, told a congressional panel that the jobs figure is based on an economic model used by the Obama administration.

I wonder if that was using the same economic model that generated this graph (from Kevin):

At Microsoft when our tools yield results that even a little bit erratic we investigate and fix them. I would suggest the Obama administration examine their tools but I am suspicious the tools involved are producing the results desired by the administration and they see no need to even investigate–let alone fix them.

3 thoughts on “Economic modeling tools

  1. Between these clowns and the IPCC, “model” is rapidly becoming synonymous with “bullshit”.

    As it should.

  2. Retardo, you infidel. If you and others would just “believe” maybe we wouldn’t be in this pickle. Resources confiscated and redistributed automatically results in happy, happy, magical wonderfullness, don’t you know? Geeze, get an education, Man.

    As the predictions fail to come true, that failure is to be blamed on the non-believers. The solution then is to increase the redistribution, make new predictions, and severely punish the infidels, so you had best get your mind right. Besides; we all know that any calls for “liberty” or so-called “constitutional rights” are motivated purely by racism, brought on by a brain defect.

  3. This is all consonant with the Cloward-Piven Strategy.
    Overload the system, break the system, abandon the system.

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