It took them a YEAR to figure this out? ...and these are our top economists in this country? Lord help us!
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Groxx -- a play on \It Rocks!\ and \I Grok\ -- is a link sharing and voting site on the theme of \weird\ news.
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It's not so much that they didn't realize it. It's more likely that POLITICALLY, they weren't allowed to say it. Just like scientists for the EPA weren't allowed to discuss global climate change, etc.