Team Obama

The pundits are pouring over today’s announcement of P-E Obama’s National Security Team. It sure looks to me like we’re in for a continuation of the Bush approach! It will take a while for the pundits to digest all this – they’re just now sorting through the Economics Team.

Greg Mankiw looked at the Economics Team and offered this:

What would you call a group of economists who are skeptical of regulating mortgage markets, who think unemployment insurance and unions increase unemployment, who say that tax hikes retard economic growth, and who believe that the recovery from the Great Depression was a monetary phenomenon rather than the result of New Deal fiscal policy?

No, it is not a right-wing cabal. It’s Team Obama.

Well, somebody’s going to be disappointed!

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