Economy

Nobody Anticipated The Breach of the Levees

Since December, 2007:

• “We don’t believe we’re going to have a recession though.” [Vice President Dick Cheney, 1/30/08]

• “I think the experts will tell you we’re not in a recession.” [President Bush, 2/10/08]

• “The answer is, I don’t think we are in a recession right now.” [Council of Economic Advisers Chairman Edward Lazear, 2/11/08]

• “First of all, we’re not in a recession.” [President Bush, 4/22/08]

• “The data are pretty clear that we are not in a recession.” [Council of Economic Advisers Chairman Edward Lazear, 5/7/08]

• “I don’t think we are” in a recession. [Director of the National Economic Council Keith Hennesy, 6/3/08]

• “I think we have avoided a recession.” [White House Budget Director Jim Nussle, 7/31/08]

• “I don’t think anybody could tell you right now if we’re in a recession or not” [Dana Perino, 10/7/08]

So they didn't anticipate Iraq descending into chaos, they didn't anticipate Katrina descending into chaos, they didn't anticipate the economy descending into chaos. Seriously, did they get anything right?