Tuesday, July 29, 2008

Obama-nomics not actually bad for the economy...

Annual rates of employment growth, by president (from Krugman):

Michael Boskin, the chief economic adviser during the presidency of George H. W. Bush, has declared that Obamanomics will be bad for the economy.

It doesn't seem like there could be anything worse for the economy than having a Republican president in office, according to the above bar chart.

When will this country learn that trickle-down economics just does not work? That government spending is real spending in the economy, and public works projects actually do create new, real, good-paying jobs? That running a massive deficit for the federal government is not the healthiest way to run the economy? That spending hundreds of billions of dollars to invade other countries does little or nothing to improve the situation within our own country?

Obama may have his problems. But I don't think that being bad for the economy is one of them.


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