(via Eschaton)
Here’s a graph from Paul Krugman’s March 9, 2004 column:
Krugman then writes:
Economic forecasting isn’t an exact science, but wishful thinking on this scale is unprecedented. Nor can the administration use its all-purpose excuse: all of these forecasts date from after 9/11. What you see in this chart is the signature of a corrupted policy process, in which political propaganda takes the place of professional analysis.
There’s nothing like a simple graph to illustrate a point…