re: #199 doppelganglander

Excellent. I’ve been wondering why he’s been relatively quiet when people need to hear his ideas on the economy. I hope he gets into specifics.

Me too. He wrote this yesterday:

The President is missing the long-term effects of his policies

President Barack Obama’s actions on the economy have had the opposite effect than what was intended. His address to Congress was meant to restore confidence; instead, consumers retreated and investors sold.

His Treasury Secretary’s bank plan was meant to settle uncertainty; instead it added to it. Every speech, every interview, and every initiative has caused investors in America to recoil.

With consumer confidence plummeting to its lowest level in history and the stock market falling 20% since his taking office, it’s clear that something is wrong.

I believe it is that so far, Barack Obama has focused on the short term, on what I refer to as the first order effects of his policies. That initially plays well with some in the media and with the public at large. But investors are looking to see what the impact will be down the road. They don’t like what they see. President Obama’s economic policies fail to take into account second and third order effects.

It’s good. I recommend a full read….