The gross, in fact epic, incompetence of the Congressional Budget Office when it comes to doing its only job, forecasting the future state of the US economy, has previously been extensively documented here (and here and here and here). This incompetence is in the spotlight once again this morning with the CBO’s release of its latest forecast revision of its original February 2014 projection.
And while every aspect of the revised projection has changed, in an adverse direction of course, the punchline is the chart below: the CBO’s revised projection for 2014 GDP. It’s one of those “no comment necessary” visuals.
Surprising? Hardly. After all the CBO is swarming with indoctrinated Keynesian cultists whose only achievement in life is to be wrong about everything (and then to blame the Fed for not “easing enough”). Here is how the CBO “explains” this 50%+ cut in its forecast in just 6 months:
CBO has lowered its projection of real growth of GDP in 2014 from 3.1 percent to 1.5 percent, reflecting the surprising economic weakness in the first half of the year.
Which as other Keynesian talking heads have already made quite clear was due to snow. That’s right: over $100 billion in forecast economic growth “evaporated” from the US economy because it… snowed.
The good news? The CBO refuses to forecast the “harsh weather” for the foreseeable future, and has kept all of its 2015 and onward GDP estimates as is. So when things go horribly wrong to the CBO’s forecast, which is 100% guaranteed to happen, the CBO can again blame “surprising economic weakness” because, well, everyone else is doing it.
Those who wish to waste their time can find the source here.
I’ve never been the greatest fan of Texas Governor, Rick Perry. Not that I have anything against the guy, mind you, he just hasn’t impressed me in any particular way to this point. That having been said, I do find him to be a relatively decent man with apparently high ethical standards, and it is for that reason that I am writing this now.
I don’t know how many of you remember a man named Tom Delay, but in case you’re unaware of his past legal troubles, I’ll enlighten you. Back in 2003, Mr. Delay became the GOP-run House Majority Leader. As you can well imagine, Democrats everywhere hated his guts, so in 2005 a gaggle of leftists from his home state of Texas got together and talked the District Attorney of Travis County – the most left-leaning county in the state – into attempting to garner an indictment of him on what would later be revealed as trumped-up corruption charges. After bringing the “evidence” to three separate grand juries, he was finally indicted, and following a 5-year court battle, a leftist prosecutor managed to convince a leftist trial jury that Delay was guilty.
Upon appeal, the case was overturned due to insufficient evidence. In the end, any reasonable person who looked at the case objectively knew that Delay was innocent of all charges, that the entire fiasco was politically motivated, and that it was likely orchestrated by powerful leftists in Washington DC who were threatened by Delay’s status from the start.
Fast-forward to today. Yet another Travis County grand jury has been convened in order to bring an indictment against yet another ascending, Republican politician, only this time there is even less evidence of any wrongdoing. In fact, the prima facie case is so weak and counterintuitive that even leftist journalists, law professors and political commentators across the country are saying it’s ridiculous.
It’s also an obvious attempt by the leftist elite beyond the state’s borders to discredit an increasingly popular (due to his recent border security policies) potential candidate for the presidency of the United States, which is really the main point of this exercise. You see, it doesn’t matter if Perry is guilty of anything or not, just as it didn’t matter that Tom Delay was ultimately found not guilty on all counts. What matters is that Perry’s name get dragged through the mud as much as possible over the next couple of years, and an indictment of this sort is just what the doctor ordered.
Why, that sounds like some kind of wild conspiracy theory, you say. You must be another one of those tinfoil hat-wearing crazies who thinks there’s a secret moon base run by the CIA that’s beaming mind-control signals to us via our cell phones. You’re just a crackpot, you say. Right?
Well, actually I don’t believe in the vast majority of conspiracy theories I hear, and I tend to be very leery of people who claim to have secret, inside knowledge of governmental shenanigans. That having been said, just because most conspiracy theories are, indeed, nuts, occasionally one pops up that has merit, and this is one such situation. How else can you explain so preposterous an indictment as the one about which I write?
In a nutshell, the head of the Travis Country District Attorney’s Office of Public Integrity, Rosemary Lehmberg, was arrested a while back for drunk driving. She was caught on camera, not only failing a field sobriety test in public, but later behaving like a raving assclown toward authorities in the jailhouse. She eventually pleaded guilty as charged and was jailed for her offense. However, being the unprincipled, leftist parasite that she is, Ms. Lehmberg refused to step down from her post, even though Governor Perry told her that if she didn’t he would cut off funding to her Public Integrity unit.
And so, being a man of his word, Perry did exactly what he promised to do. He withheld funds from that department, something which – by the way – just happens to be his lawful, gubernatorial prerogative. Of course, that didn’t sit well with all the leftist douchebags in Travis County who remained loyal to Ms. Lehmberg, despite her public shaming and obvious addiction problem. I guess if you’re going to have a Public Integrity unit, the last person you want running it is someone with actual integrity. Right?
So, on the one hand, you’ve got a woman who likes to drive drunk, is abusive to cops, and is so lacking in any sense of shame or ethics that she feels justified in continuing to run a government office designed to fight the very sort of behavior she has exhibited… and that’s perfectly okay with Travis County prosecutors.
On the other hand, you’ve got a man who simply warned a public official within his sphere of influence and authority that the office she heads will be defunded if she refuses to do what anyone with even the tiniest amount of integrity would do in her situation – which is to step down – and then had the temerity to actually keep his word… and THAT is a crime worthy of investigation, indictment, and then prosecution to the fullest extent of the law!
Do ya see what I mean when I opine that sometimes conspiracy theories really do have merit? Is there any doubt whatsoever that powerful people within government – be they of the state or federal variety – are singling out Governor Perry for purposes of political theater, and not because there’s even the slightest chance that he’s genuinely guilty of anything?
If, after reviewing these facts, you are still among the demented few who want to see Rick Perry tried and imprisoned for the imagined and invisible crimes for which he has been indicted, I have but one thought left to convey to you.
You are a festering pustule on the ass of humanity. GO FUCK YOURSELF!
Edward L. Daley