Friday, March 27, 2009
Obama is Clueless on Economics
I ran across a nice piece discussing the sad state of affairs with Obama & Geitner on Economics. Cleraly Geitner was a poor choice & doing worse than anyone could imagine. The economic dream team is clearly a nightmare for all concerned. Obama remains inexperienced & clueless on economics & finance. I guess he didn't actually take those courses @ Harvard. He must have taken underwated basketweaving & spin doctor 101 instead. I think he'd make a great used car salesman. I do admire Obams's trying to tackle many things at once. I don't think it's necessarily part of the problem. If he tackled fewer items it doesn't mean he'd do a better job. Strategy is severely lacking. Worse yet the true economics point to a certain depression. Obama is on his way to giving us 14% unemployment. Fixing the economy isn't rocket science. It's been done before & can be done again w/ tax cuts, incentives for small business, reduced government regulation, etc.... We can't spend our way out of this mess. I fear most for our children as their future may lie outside the US.
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