American Thinker: The Top Ten Reasons Obamanomics Won’t Work

Following is an intro to an interesting piece on “obamanomics” that includes some very thoughtful analysis.  View this without a political agenda and just ask yourself whether there is economic reality in the current federal monetary policy and what is intended as an approach to stimulate an economy perceived to be weak.

The comments following the full article are quite pithy and worth reading.

A brute inflationary monetary policy of the kind we are experiencing today can hardly avoid leading to a growth in GDP that, after all, is largely a record of consumer spending. But we cannot judge an economic policy to be “working” simply by detecting such an increase in GDP. Nor may we say policy has “succeeded” just from increases in government jobs or government-subsidized jobs. An economy’s success, properly speaking, is one that increases long-term levels of production with robust private sector employment. In short, inflation and public sector growth do not mean a policy has “worked.” As the essence of Obamanomics is easy money and government aggrandizement, ther

via American Thinker: The Top Ten Reasons Obamanomics Won’t Work.

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About Gil Jones

CPA/Attorney/Judge by training and trade. Hobby nut at heart with BMW m/c, computers, ham radio, kayak fishing, photography, hiking and, starting in 2010 some semi-serious running and bicycling (road and mountain bikes). Retired after 16 years on a Texas District Court bench and since 2013 have been mediating cases. I am a Credentialed Distinguished mediator (TMCA).
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