multipliers

CBO new report on Stimulus - Using Private, Commercial Forecasting Models

The Congressional Budget Office has a new report out on the Stimulus.

Buried deep in the actual report is this little mention, in an appendix:

In analyzing the economic effects of ARRA, CBO drew heavily on versions of the commercial forecasting models of two economic consulting firms, Macroeconomic Advisors and Global Insight, as well as on the FRB-US model used at the Federal Reserve Board.

The CBO outsourced their job? Anyone aware that Global Insight has produced biased reports for corporate lobbyists?

Firstly, one would have to be dead to not hear about the massive errors from the White House on jobs created from the Stimulus. It appears the CBO is busy covering the White House's ass from the CBO blog statement: