Post Tagged with: "Kennedy-Johnson"

July 1, 2010 03:44

Why Obamanomics Has Failed

Uncertainty about future taxes and regulations is enemy No. 1 of economic growth. Almost daily, Mr. Obama uses his rhetorical skill to castigate businessmen who have the audacity to hope for profitable opportunities. No president since Franklin Roosevelt has taken that route. President Roosevelt slowed recovery in 1938-40 until the war by creating uncertainty about his objectives. It was harmful then, and it’s harmful now.