Obamanomics has a nice ring to it
30 March, 2009
By Bryan Lower
The President’s budget is the ultimate test of liberal economics.
President Obama doesn’t have to sell me on government investment in the economy. I think history has shown that liberal economics works. In anything, I would urge more aggressive government action than Obama is taking. For those who are not convinced, we are about to get a full scale demonstration. Limited as it is, it still represents the most thorough implementation of liberalism in the economy since the late 1960s. If Obama’s plan succeeds, it will be the best confirmation of liberal economics to date. If the plan fails, liberal economics may never be taken seriously again.
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