As
Matthew Vadum points out, after trashing the economy in order
to win passage of billions or trillions or who knows how much in
"stimulus" spending, the Obama administration has decided that
the economy is doing pretty well, thank you very much.
There may still be a couple little glitches here and there, but,
with the Chinese inquiring about the security of their U.S.
securities, the Prez and his buddies say they are focusing
on the economy's sound fundamentals. Right.
Catherine Favazza posts a delightful youtube look at what
candidate Obama said when Sen .John McCain proclaimed that the
economy was fundamentally sound. Strange, there seems to be
a little inconsistency. Imagine that ... .
About the Author
Doug Bandow is a Senior Fellow at the Cato Institute and the Senior Fellow in International Religious Persecution at the Institute on Religion and Public Policy. A former Special Assistant to President Ronald Reagan, he is author of Beyond Good Intentions: A Biblical View of Politics (Crossway).
