Wednesday, February 18, 2004

White House Backs off Jobs Forecast

As Brad DeLong points out, the media are still not able to comprehend how many jobs were actually forecast. But, now we've learned that no one in this administration is actually responsible for anything they say or do.

WASHINGTON Feb. 18 — The White House backed away Wednesday from its own prediction that the economy will add 2.6 million new jobs before the end of this year, saying the forecast was the work of number-crunchers and that President Bush was not a statistician.