I don't give two hoots whom he was with in '08. You think that conservatives see McCain as a true conservative? I got news for ya, he isn't. McCain was on the same path as your boy Obama, just on a slower train.
Yeah, ok man, a bit of projection is going on here from you....Read about what the market analysis's think of Zandi...You asked for credible economists and both Zandi and Blinder are considered to be among the best. You fail the Pinocchio test.
and here...It's accepted wisdom in certain quarters that we should never believe what we read. With journalists pressed to report on all manner of subjects about which they often lack knowledge, it's inevitable that their news reporting will be slanted in ways that misinform the reader.
Of course in order to inform their reporting, journalists frequently have go-to sources whose comments are meant to bring outside expertise to subjects about which they know little. When it comes to reporting on economic matters, Moody's Mark Zandi is the go-to economist du jour, and on a clear day he's everywhere; his comments about the economy a living embodiment of the view that what we call "news" is anything but.
Captive to nearly every discredited economic fallacy in the book, Zandi's musings on the economy misinform the reporters who oddly hang on his every word, along with readers who didn't get the memo about the difference between reporting and reality.
RealClearMarkets - Mark Zandi: Always Quoted, Often Wrong, Never In Doubt
And these things are clearly seen in the public today, which is why the predictable addition from Zandi by you is so wrong and NOT what I asked for...."Saved Jobs" is a myth, and a cover for paybacks to political cronies that helped Obama get elected in the first place....You have been duped.We should have learned from the White House's reliance on Mr. Zandi's forecasts in January 2009 that magical "multipliers" yanked from some forecaster's black box are evidence of nothing. They simply reveal dubious assumptions built into that forecasting model. Yet the White House and Congressional Budget Office, as well as Professor Blinder, keep citing such models as if they were evidence the "stimulus" (spending) was effective. On the contrary, recent academic studies of real world events have been unable to find a multiplier effects even half as large as Zandi's model assumes. They find the addition to GDP is significantly smaller than the addition to the national debt — a bad bargain indeed.
In 2009 one of the new studies appeared in The Journal of Applied Econometrics by Andrew Mountford (University of London) and Harald Uhlig (University of Chicago). They found "the best fiscal policy to stimulate the economy is a deficit-financed tax cut." Moreover, "fiscal expansion through government spending" will soon begin to "crowd out both residential and non-residential investment" resulting in a bigger government but a smaller private economy.
Alan Blinder and Mark Zandi's Keynesian Black Box | Alan Reynolds | Cato Institute: Commentary
"The Cato Institute is a libertarian think tank headquartered in Washington, D.C. It was founded in 1977 by Edward H. Crane, who remains president and CEO, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries, Inc., the second largest privately held company (after Cargill) by revenue in the United States."
Nah, not a conservative site.