Every day the government makes new mistakes or discovers new economic consequences of their past errors. Arbitrary Vote brings you the country's biggest economic bloopers.
t Blooper of the week Blooper of the month
12/29/09 - Everyone's confident
Bubbles in confidence are as easily deflated as bubbles in economies.
It seems like it's the subsidy expiration that is the problem. We should pass a law that the subsidy cannot expire. Then new-home sales will stay up and everything will be ok. New-home sales crater as subsidy wanes - MarketWatch
A third revision downward. From 3.5 to 2.2% after three tries. And 2.2% doesn't keep up with the estimated 2.5% minimum needed to stem unemployment. Yet 3.5% was a big optimistic market mover. Did anyone see headlines about the last revision?
Oh, more asset bubbles? But the fed is supposed to have the bubbles under control...And they're monitoring everything all the time so we don't run into more trouble...They're not even gonna raise interest rates yet 'cause we're not fully recoverd - so there can't be asset bubbles forming. Especially not in Treasurys. Economists Warn of Asset-Price Bubbles - The Wall Street Journal
12/11/09 - Government compensation beats private sector
They deserve to get paid a lot. Their innovation in central planning and fleecing citizens is unprecedented. We, the taxpayers, should be glad to give them raises for taking more of our money and failing at everything they do.
Translation of Obama Administration and EPA comments: "We must take a tough stance in the face of dissent resulting from climate data fraud! The earth doesn't matter - It's the economy we must destroy!" Administration Warns of 'Command-and-Control' Regulation Over Emissions - Fox News
1. Obviously public water systems are well-run by the government 2. The EPA does a great job regulating 3. Hmmm...Wonder where the uranium came from???
As Bernanke implies, it's veeery difficult to tell if the recovery will last. Will we keep printing money to prop everything up? That is a veeery difficult thing to predict...And even if we will keep printing money, for how long will we print it? That is also veeery hard to predict...And if we print it for a really long time, how soon will hyperinflation hit us? Bernanke has a lot of analysis to do before he can tell us if the "recovery" will last.
Blooper of the week 
Blooper of the month
An unlimited taxpayer credit line to two of the most insolvent government failures in history. Sounds good!
Obama accepts Nobel with ‘great humility’ 
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