Saturday, July 15, 2006

Bush Kinda Inflating Deficit Progress

Brad DeLong is an Economist at U.C. Berkeley and I like his blog and videocasts. called Morning Coffee. In today's episode he points out that "For the fourth year in a row, the administration's January deficit forecasts are at the highest end of the range of forecasts--and sure enough, the actual deficit comes in lower. Which allows for press conferences by Bushies touting 'progress' on reducing the deficit." Yes it was lower than expected but only by $60 billion not the $120 billion Bush is saying. And he cites the press corps as falling for it. "Why does the White House mislead us all the time about everything it can? Well it does so because the press corps lets them get away with it."

FYI, while I appreciate trying to advance the media, I think videocasts have a way to go. First off it's distracting to see his eyes go back and forth between the camera and the text he's reading. Also I'm tired of waiting for large download when this would have been trivial if it was a text (or even HTML) article.

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