• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Obama's Rhetoric Is the Real 'Catastrophe'

hypocritexposer

Well-known member
Mr. Obama's analogies to the Great Depression are not only historically inaccurate, they're also dangerous. Repeated warnings from the White House about a coming economic apocalypse aren't likely to raise consumer and investor expectations for the future. In fact, they have contributed to the continuing decline in consumer confidence that is restraining a spending pickup. Beyond that, fearmongering can trigger a political stampede to embrace a "recovery" package that delivers a lot less than it promises. A more cool-headed assessment of the economy's woes might produce better policies.

Mr. Schiller, an economics professor at the University of Nevada, Reno, is the author of "The Economy Today" (McGraw-Hill, 2007).

http://online.wsj.com/article/SB123457303244386495.html
 
Top