Tuesday, June 19, 2012 – 12:30 P.M.
It was only a matter of time.
Too many pie in the sky rosy prognostications that many local governments blind relied upon.
Now Redlands-based economist John Husing has finally taken it on the chin for over estimating the economic impact of a Moreno Valley industrial development.
The article, published in Sunday’s edition of the Press-Enterprise, hammers at Husing for predicting a warehouse project would generate 20,000 direct jobs and another 8,000 indirect jobs.
Really! In warehousing?
Husing’s analysis cost Moreno Valley $15,000.
A few months ago, at a speaking engagement, Husing told an audience that “He wasn’t used to being Dr. Doom”.
Dr. Doom? The same man who told local governments in 2007 that the economy would be fine?
InlandPolitics.com has been critical of Husing’s past forecasts.
It’s interesting to see Husing’s assumptions challenged by others in the field.