Obama predicts 3.5% economic growth rate by year-e

[dolfan]

The Congressional Budget Office predicts a negative growth of 1.5% for GDP in 2009. Obama predicts that by the end of the year, the rate of growth will be 3.5% per year. That's a huge speed-up in growth. The CBO predicts an overall 3.5% growth rate for all of 2010.

Rhetoric and posturing to sell his tax increases and higher regulation and to make everyone think he knows what he's doing and to make the bailouts appear successful. Just sickening and outright lies. Never will happen.

The only way to engineeer that kind of growth is for government spending to go way, way up real, real fast. Even government is not currently able to meaningfully offset unemployment growth with its hiring frenzy. If Obama seriously thinks a 3.5% annual growth rate will be pegged by year's end, look out for inflation, folks. Big time.

[Full Quiver]

TH CBO has some staggering numbers for budget deficits and the national debt coming our way too. I wonder if Obama will inflate those numbers?