Obamanomics
Somehow, I managed to stay awake for last night's Presidential press conference. Say what you will about President Obama's communication skills--and they are considerable--he is no macro economist.
Which is a shame, because he has access to two of the brightest macro-economists of our generation: Ben Bernanke and Larry Summers. He should listen to them; learn from them. They have much to teach him. My reaction to watching the President last night is that he is clueless as to how the economy really works, and his recent historical perspective is revisionist.
First, kudos to the media. As opposed to the first press conference, they asked him some hard, direct questions. Unfortunately, President Obama is incapable of answering these questions in a transparent, straightforward manner, but the questions were direct even if the answers weren't.
Now to the revisionist Obamanomics. First, President Obama claims he inherited a $1.2 trillion budget deficit. According to the [...]
Taxation and Social Responsibility
Ah, my first contribution to the Conservative Reader. I hope my effort is worthy of this site. I hope I can remember my training from last night. I hope I don’t come off sounding like a fool, or worse yet, like a pompas ass, but then again, how would anyone...Stay in Touch
