Burnt Orange Report

The Market Value of an MBA from Harvard...

By Jim Dallas

... must be greatly over-rated. But apparently the AP's not in on the joke.

This is what the AP says in paragraph three:

"I think the economy's growing, and I think it's going to get stronger," said Bush, the nation's first MBA president. He said he was pleased that 366,000 new jobs have been added since August. "But I'm mindful there are still people looking for work, and we've got to continue building on the progress we've made so far."

This follows paragraphs one and two:

"The White House backed away Wednesday from its own prediction that the economy will add 2.6 million new jobs before the end of this year, saying the forecast was the work of number-crunchers and that President Bush was not a statistician.

Bush, himself, stopped short of echoing the prediction.

MrHappy, in the Atrios comment thread, beat me to the punch:

The President has a Harvard MBA, but it's silly to expect him to know anything about statistics or the economy. Also, no one, say, an economist or a statistician, reports to the President on what these numbers might mean.

To say Team Bush is off their game lately is the understatement of the decade.

That's a great campaign slogan:

"The Economy - what am I , a staticician?!?"

And let's remember folks, the problem with the White House's job forecast was pretty damn obvious, so obvious (look ma, no productivity growth!) I completely understood Brad DeLong when he blogged his critique of the CEA's forecast.

And it's only once in a blue moon when I understand what that guy is talking about.