Obama’s chart looks to be turning around
Posted by WARREN MOSLER on May 5th, 2010
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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.-
MMT: Taxes function to regulate aggregate demand, and not to raise revenue per se.
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May 5th, 2010 at 12:39 pm
I guess as lagging economic indicators go, you can’t beat presidential approval ratings. :o)
Yale Professor Ray Fair’s presidential election prediction model (for the popular vote, the electoral college defies logic) weighs: growth rate of real per capita GDP in the first 3 quarters of election year, growth rate of GDP deflator in prior 15 quarters and number of those 15 quarters that real per capita GDP was greater than 3.2% annualized.
http://fairmodel.econ.yale.edu/vote2008/computev.htm
While digging up that link, just came across something else pretty cool Professor Fair has put online:
U.S. macroeconometric model [and] a multicountry econometric model to forecast, do policy analysis, and examine historical episodes. For example, you can change government policy variables and examine the estimated effects of the changes.
http://fairmodel.econ.yale.edu/main3.htm
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