Saturday, September 24, 2011

Is DC About to Go On Attack Against Obama Economic Apologist Mark Zandi?

A DC friend who has spent decades on Capitiol Hill sends me this email:
Zandi is simply bizarre.

So, Obama's favorite media projector of false economic data -- the hack Mark Zandi -- covers his ass on his earlier support for Obama's desperation  "Jobs Act" by saying now that he believes the bill, if passed in its entirety by the end of this year (fat chance), provides a temporary boost in employment but only if there is no double dip. Then jobs disappear, again.

Zandi recalculated the bill's impact now that Obama's permanent tax increases (to pay for a temporary boost) are public but stops short of saying, "oops, I screwed up."

Note to journalists: want to distinguish yourself? Go expose Zandi.

Key excerpt:

Zandi said his job-creation figure only applies to 2012.

"Beginning in 2013, and certainly into 2014, the plan is a drag on the economy because the stimulus starts fading away," he said. "So by 2015, the economy is in the same place as now, as if there were no jobs package."

Also, Zandi said, his forecast does not leave any room for a new recession. If that happens, all bets are off.
It looks like key Republicans consider Zandi an Obama weak spot.

Of course, I have been on the scent of Zandi for sometime, most recently, here.


  1. "Note to journalists: want to distinguish yourself? Go expose Zandi."

    Already done:

    For a comprehensive record on Zandi' idiocy, see here:

  2. Good job Mr. Wenzel in keeping the heat on Zandi's fraud....these are the 'House' economist aka beards for Keynes. I liked your other piece on Zandi very much!

  3. I took a whack at Zandi's alleged predictive brilliance in this article.