At the risk of understatement, economists are not good forecasters.
And they are especially incompetent when they make forecasts based on bad policy, 
such as when the Obama White House projected that his so-called stimulus would quickly lead to falling unemployment.
In reality, the jobless rate immediately increased and then remained much higher than projected for the remainder of the five-year forecast.
The failure of Obama’s stimulus should have been a learning moment for Washington politicians.
But Joe Biden must have slept through that lesson because his first big move after taking office was to saddle the nation with a $1.9 trillion “stimulus” package.
The White House claimed this orgy of new spending would lead to four million additional jobs in 2021, on top of the six million new jobs that already were expected.
So what happened? Matt Weidinger of the American Enterprise Institute looked at…
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Utopia, you are standing in it! 
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