Friday, July 29, 2011

Obama and the economy

Perhaps, now that the Bush-Obama economy is still sputtering, job-killing, and larded with favors like too-big-to-jail it is time for everyone to admit the Chicago School of Economics is mostly wishful thinking directed at the comfortable.

Is there an example of a country penny-pinching its way out of a liquidity trap? Greek austerity efforts aren't helping, and in fact seem to be applying downward pressure to Germany's economy.

President Obama either enjoys comforting the comfortable, or else is caught in the headlights of the on-rushing economy.

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Foot Quotes

"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin