Angeline
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Even College Professors get it right sometimes ...
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and although you found it and presumably read it you seem to have avoided commenting on HIS STATEMENT which was the content of the post.
He is uniquely qualified to comment on budgets and actually appears pretty much apolitical as his writings demonstrate.
"An acknowledged expert on international economics and agreements, macroeconomics, and industrial policy, he has advised many leading corporations and governments regarding trade and regulatory issues. He serves on the Reuters macroeconomic forecasting panel. His views are frequently featured on CNN, Reuters Financial Network, Bloomberg News, CNBC, ABC, Fox, National Public Radio and Broadcasting, and the BBC, and in columns on the opinion pages of newspapers and portals in the United States and abroad."
Rosie Scenario is another way of indicating the Emperor has no clothes.
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...... so I went to Google.
I like to know something about one referred to by others. It is so interesting to read about the varying opinions of economists. So, that is my opinion of HIS STATEMENTS - it is another opinion.
I took "Rosie Scenario" to mean "rosey scenario", as in painting a hopeful picture of what could be a bleak one.
Angeline
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painting a false Rosey Scenario. It is basing government policy on false hopes.
In business, and probably academia, one would never want to to be accused of painting a rosey picture. In those circles, one must see the real world as it is rather than viewing the world with unrealistic optimism which is unlikely to be realized.
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not the first time, he got something right?
Or perhaps he complains no matter which party is in power, and approx 1/2 of the population are going to agree with him, and the other half aren't.
From a link (SELECTED OP EDs) in Angeline's post.
During the Bush years, the U.S. trade deficit has doubled. Thanks to dysfunctional energy policies and tolerance for Chinese mercantilism, the deficit has exceeded $700 billion each of the last three years and is more than 5 percent of GDP.
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President Obama came out in favor of a Doha agreement in his State of the Union Speech.
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