- The USA would avoid recession.
- Export growth in 2008 and 2009 would be at a rate of 7.25% both years.
- Reductions in the Federal Reserve interest rates would return full employment by 2010.
US exports decreased sharply in 2008 and at the end of 2009 they were still below 2007 levels. Finally, despite drastic cuts to essentially zero in the Federal Reserve interest rate, we have not come close to a recovery to full employment as of January 2014, let alone by 2010.
Federal regulatory agencies and commissions rarely do know what they are doing. This clueless state is the general state of the Government bureaucracy and of the independent organizations it sets up.