Obamanomics

Under Reaganomics, government was the problem. It can still be a problem. But a central tenet of Obamanomics is that there are even bigger problems out there which cannot be solved without government. By building the economy from the bottom up, enhancing public investment, and instituting reasonable regulation, Obamanomics marks a reversal of the economic philosophy that has dominated America since 1981.

via Robert Reich Says Barack Obama’s Obamanomics Isn’t About Big Government – WSJ.com.

Reich articulates the theory behind Obamanomics very well. He doesn’t, however, address the big question: will the attempts to solve “bigger problems” result in even worse problems? History is not encouraging.

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