Ignore the newspaper reports about the short term forecasts; that’s old news, since these White House forecasts were made in November (and hence, it’s not fair to compare these forecasts to current forecasts, as has been done in some journalistic accounts). And ignore the chapter on housing markets — there’s not going to be any discussion of how inadequate regulatory oversight (to put it mildly) might have contributed to this debacle. The interesting stuff is in the discussion — or lack of discussion — of certain international economics issues (no Renminbi!).
Economic Report of the President, 2008 [large pdf!]
