Contributed by: filbert Monday, February 09 2009 @ 12:54 PM CST
Another Congressional Budget Office[*1] report states that the economy, left alone, would recover by the second half of this year.
The CBO anticipates that the current recession, which started in December 2007, will last until the second half of 2009, making it the longest recession since World War II.
. . .
In preparing its economic forecast, CBO assumes that current laws and policies governing federal spending and taxes do not change.
Of course, after Congress passes Obama’s trillion-dollar panic attack, the recovery may be delayed by a few months, but you can be sure that the triumphalists will be shouting “Success! Success!” of the big-government plan no matter what the objective facts on the ground might be.