Monday, March 08, 2010

Eleanor Clift's Novel Economic Theory: Personality Power

We've all heard criticisms of Reaganomics, perhaps the most cutting criticism being about the deficit, but Eleanor Clift really takes the cake here:



Reagan's personality energized the economy?! Mwhahahahaha!

Obviously it had nothing to do with tax reduction, regulation, or even the business cycle naturally reasserting itself once Volker's Fed got inflation under control.

Even assuming the 80's recovery had more to do with monetary policy and the business cycle, it cannot be assumed then that Obama's America will fare as well under Bernanke's Federal Reserve.

--Barack Obama - Destroying the economy with his mind!

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