They’re just a teensy bit off. The economy is in fact doing worse than expected, which means that the people doing the projections aren’t taking everything into account – such as the number of people cutting back on their business due to spending and taxation concerns. Tell me again, why does he think European level social spending and taxation levels are going to give us an economy a couple points better than how we’ve been doing during the Bush years, rather than European level GDP growth?
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