President Obama has destroyed, in a little over five weeks, the economic legacy that President Reagan in the early 1980s and President Clinton with the Republican Congress of the mid-1990s worked so hard to achieve.

via Will Obama And Gordon Brown Cook Up A Tax Cartel? – Forbes.com.

Many of the economists I respect are pretty down on Obama’s approach to the economy. I can’t blame them. The market, judging by the stock market, doesn’t think too highly of these policies either. Everything I’ve learned about economics says that Obamanomics is about as wrong-headed as you can get. I guess we’ll find out.


One response to this post.

  1. The economic legacy of Reagan has proven to be a nightmare. Obama didn’t get us into this mess. Republican deregulated free market philosophy got us into this mess.


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