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Why Obamanomics Has Failed

By idaflo | June 30th, 2010 | No Comments » 

Uncle Sam discouragedUncertainty about future taxes and regulations is enemy No. 1 of economic growth.

By ALLAN H. MELTZER

The administration’s stimulus program has failed. Growth is slow and unemployment remains high. The president, his friends and advisers talk endlessly about the circumstances they inherited as a way of avoiding responsibility for the 18 months for which they are responsible.

But they want new stimulus measures—which is convincing evidence that they too recognize that the earlier measures failed. And so the U.S. was odd-man out at the G-20 meeting over the weekend, continuing to call for more government spending in the face of European resistance….(Rest of article linked HERE)

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