Suckered again on deficit forecasts. The administration shoots high on forecasts then claims victory when the deficit is only $296 billion. I would think it prudent that financial reporters stay away from any situation that involves haggling (buying a car or bartering in an arab market for example) as they would most certainly lose their pants.
Gotta love the White House, though. "Sure you stepped on a beehive but you were stung only 296 times as opposed to the 423 times we originally estimated. Isn't that great?"
UPDATE - It appears not everybody was suckered. Kudos to the LA Times for finally getting it.
Sunday Morning Bobblehead Thread
4 hours ago