Saturday, September 24, 2011

Bias is BIG

http://www.huffingtonpost.com/2011/09/22/obama-economy-blame-survey_n_975871.html

This is a classic example of Economic Attribution Errors that we discussed in the most recent recitation. Obviously, one man, even the president, is not responsible for all of our current economic woes and troubles. President Obama works with advisors, Congress and several organizations to develop a comprehensive budget. Consumers and market trends are also independent and can have problems separate from legislation passed by Mr. Obama.

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