03 June 2012
Biggest Mistake of Obama's Presidency
Selecting a bunch of anti-Keynesians and following their advice early on was a bone-head move. I posted at the time that Obama should have listened to - instead of rudely denigrating - Krugman's warnings that Obama's inaugural budget was not remotely bold enough.
It shouldn't come as a surprise that Obama is only a pale imitation of a Keynesian in comparison with the GOP's hero, Ronald Reagan - such is the insane era we live it when one can say that Obama's biggest mistake was lacking the courage to be half the Keynesian Ronald Reagan was.
Selecting a bunch of anti-Keynesians and following their advice early on was a bone-head move. I posted at the time that Obama should have listened to - instead of rudely denigrating - Krugman's warnings that Obama's inaugural budget was not remotely bold enough.
It shouldn't come as a surprise that Obama is only a pale imitation of a Keynesian in comparison with the GOP's hero, Ronald Reagan - such is the insane era we live it when one can say that Obama's biggest mistake was lacking the courage to be half the Keynesian Ronald Reagan was.