Thought it would be of use to continue tracking Ms Romer's data. The above charts the error in % between actual and the Romer projections used to justify the stimulus package. Her data is off by about 16% consistently thru Q2. We anticipate a widening gap in Q3. Despite this the economy is stabilized and may be on the mend. However the Romer data was used to justify two things, the spending on the stimulus PLUS the revenue from taxes from the newly employed. The latter will soon bite us in the rear as it will drive inflation. As some of the current President's supporter are urging the massive spending must stop....otherwise...over the edge.
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