The cost of Obamanomics

The Weekly Standard
by Irwin M. Stelzer

05/15/09

In the days when it was still necessary to explain to one’s parents just what an economist does, my first job was to crank out a forecast of economic activity in the coming quarter. Get it wrong often enough, and you were gone. More senior employees assigned themselves the longer-term outlooks: their forecasts would be long forgotten by the time actual data became available. That was then and this is now. So I will exercise the prerogative of seniority and shorten my comments on the current economic outlook to make room for a longer-range look at the post-Obama world in which we Americans will be living...

//tinyurl.com/pw2a3x



The age of debt

Reason
by Veronique de Rugy

Beware when politicians promise ‘fiscal responsibility.’ It’s pretty much a guarantee that every word that follows the phrase will be a lie. President Barack Obama’s first budget, entitled An Era of New Responsibility: Renewing America’s Promises, is no exception to this rule. Every page comes with a promise to end budget tricks and save money by reforming procurement and cutting various types of waste, but the actual plan boosts spending and deploys gimmicks galore. If this is a new era, it’s one made of debt... (for publication 06/09)

//www.reason.com/news/show/133217.html


Informant: Thomas L. Knapp



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