Politicians who are selling voters something are always cocksure about where their policies are headed. Whether it is for creating services for the poor, the economy, whether it is for new jobs, or health. They estimate how much it will cost, well into the future.
Why is it that it is so difficult for astute business people to estimate one year ahead where their own business may be headed?
And it is far easier to run even the largest corporation than the massive U.S. government. Remember that those in government doing the estimates are seldom much brighter than those in industry. When they are, they gravitate into private industry.
Yet, the media continue to report political economic forecasts with just minimal evaluation and investigation to suit media bias or slant.
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