Sunday, July 26, 2009

Economy not improving? Maybe it's the economic illiterate in the Oval Office

From Fred Barnes of the Weekly Standard, we have unassailable accusations, obvious observations, about the President, who now has complete ownership of the state of the economy:

"Know-Nothing-in-Chief There's no evidence Obama has even a sketchy grasp of economics."

"Is President Obama an economic illiterate? Harsh as that sounds, there's growing evidence he understands little about economics and even less about economic growth or job creation. Yet, as we saw at last week's presidential press conference, he's undeterred from holding forth, with seeming confidence, on economic issues."...

"But the president talks as if free market solutions are nonexistent, and in his mind they may be. Three weeks after taking office, he said only government "has the resources to jolt our economy back into life." He hasn't retreated, in words or policies, from that view."

"Another tax hike--especially on top of the increased taxes on individual income, capital gains, dividends, and inheritances that Obama intends to go into effect in 2011--is sure to impede investment. It's an anti-growth measure, as those with even a sketchy grasp of economics know. But Obama doesn't appear to."

The rest simply must be read in full:

http://www.weeklystandard.com/Content/Public/Articles/000/000/016/765kishz.asp

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