At 4:40 PM 2/8/96, Mike Meeropol wrote: >I had the pleasure of listening to Laura Tyson on NPR this afternoon. She >was speaking at the Commonwealth Club in San Francisco. She said something >very revealing: > [...] >Note, she never once said recession. The reason, her whole premise in >supporting Clinton's balanced budget plan is that the economy will grow at >2.2% for the next two years and then 2.3% for the following 5 years. > >According to the Tuesday, Feb. 6 Wall St. Journal [p. A2] the OMB and CBO >both agree on these seven years of forecasts. To be fair (and how I hate that), the 2.2/2.3% figures are averages that allow for recessions, but don't impose the embarrassing burden on the forecaster of guessing exactly when they will come. >In fact, does anyone know Laura Tyson's address in Washington?? Someone in her office used to monitor PEN-L, because I got a call from one of her flunkeys a few years ago after saying things that they found disparaging (i.e., that she was appointed to a non-policy post, the CEA, rather than a cabinet post because folks like Wall Street Journal editorialists would have raised holy hell if she had been given a policy post). I was lectured at some length on how this was wrong because she was present and active at all the budget-making sessions. Doug -- Doug Henwood Left Business Observer 250 W 85 St New York NY 10024-3217 USA +1-212-874-4020 voice +1-212-874-3137 fax email: <[EMAIL PROTECTED]> web: <http://www.panix.com/~dhenwood/LBO_home.html>
