Obamanomics: Why the Stimulus Plan Will Not Revive the Economy
06 Jan 2009
Submitted by: demandside Publisher:
The Independent
And like the New Deal, Obama’s stimulus plan
will almost certainly fail to pull the economy out of a historic
free-fall. For one, the plan is inadequate. Two, it will be drafted
and overseen by Obama’s economic
“dream team,†who are committed to
the failed ideology that got us into this mess. Three,
there’s the matter of the still-festering
financial crisis. And four, there has been no national debate over
economic priorities such as who controls the economy, how
production should be structured and what should be produced.
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