
It’s The Economy, Stupid (AKA Economists)

Tailspin: The People and Forces Behind America's Fifty-Year Fall--and Those Fighting to Reverse It
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What You Should Know About Politics . . . But Don't: A Nonpartisan Guide to the Issues That Matter
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But people don’t vote for statistics, as the Democrats discovered, to their detriment, in the U.S. elections. The economics that matter most are those of daily life, and knowing that the country is doing well can make voters even more annoyed if they feel that they are missing out
Opinion | Ireland Is Rich. That Doesn’t Mean It’s Happy.
Americans are in the dumps about the economy. The big question: What will that pessimism mean for the economy?
wsj.com
the economists in this survey thought that GDP would end up at about 2.4 percent in 2008, slightly below its long-term trend. This was a very bad forecast: GDP actually shrank by 3.3 percent once the financial crisis hit. What may be worse is that the economists were extremely confident in their bad prediction. They assigned only a 3 percent chance
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