We present the running data on the Romer Error Curve based on her presentation in January as to what the Stimulus Package would accomplish. The Department of Labor issued the September Numbers today and unemployment rose to 9.8%.
We present the summary below. The top curve is the actual and it is slowly going towards 10% but as of September it is 9.8%. It appears to be slowing but with the size of the Recession we anticipate a continuing rise.
The figure below shows the percent error from actual to the Romer predictions. The Romer analysis and projections were so far off as to make them ludicrous. This is one of the major problems with the economists in the White House and economists in general. At best it is a black art.
The figure below depicts the difference in percent between the actual and the Romer Stimulus projections and the Romer non Stimulus projections.
We present the summary below. The top curve is the actual and it is slowly going towards 10% but as of September it is 9.8%. It appears to be slowing but with the size of the Recession we anticipate a continuing rise.
The figure below shows the percent error from actual to the Romer predictions. The Romer analysis and projections were so far off as to make them ludicrous. This is one of the major problems with the economists in the White House and economists in general. At best it is a black art.
The figure below depicts the difference in percent between the actual and the Romer Stimulus projections and the Romer non Stimulus projections.
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