Tuesday, 03/09/04

For months, Berkeley economist Brad DeLong has been working on a chart depicting the laugh-out-loud divergence between annual Bush administration employment forecasts and the real employment number.

Most recently, the forecast has been designed to push total employment back up above where it was when Bush took office, so as to avoid the unpleasant headline, "Bush Predicts First Four-Year Job Loss Since Hoover." Obviously, with so little time on the clock and so many jobs lost since 2001, the most recent forecast had to be absurdly high, but the slope of that line only rises a little faster than the previous two. They've been lying for a long time.

That chart just got called up to the big leagues. Excellent. 10:32AM «

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