Tuesday, June 24, 2008

But what if economists just suck?

Source: CNNMoney.com

Economists should listen to consumers
Experts have a half-glass full outlook for the economy while average Americans are far more pessimistic. Here's why the consumer is probably right.

By Chris Isidore, CNNMoney.com senior writer
Last Updated: June 24, 2008: 3:04 PM EDT


It seems remarkable to me that the economists, who I believe are academics so often wrong, just keep getting to be very, very wrong with no consequences as they are one group I'm sure is not the slightest bit concerned about their jobs when I ask, when are they actually right?

It seems to me they only get trends right mostly on upswings when they side with the view that most promotes big business or big investment interests, and rarely if ever seem to be worth much, like early warning, when it comes to the downside when people really need their government to get the best information so that it can help!!!

So these people seem to primarily get things right when it doesn't do anybody any good, and they drag their feet if the news is bad--or, gasp, maybe they don't have a clue?--when they should be warning leaders so that help can arrive so why do we pay them?

What are we paying these economists for, as if they are academics then are they not being paid primarily with our tax dollars?
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