A hallmark of collectivist societies in the past century was the prevailing meme of “jam tomorrow, never jam today.” The next Five Year Plan would work for sure. We are now being told that if we give the current administration a few more years, their economic policies will finally pay off.
Why should anyone believe them?
Here’s a couple of prediction outcome charts from the beginning of the Obama administration, edited to add actual results.
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Which year's predictions are depicted on this chart?
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How do we factor in the precursors?
- Bonus chart