Tuesday, June 09, 2009

Obamanomics Explained

Murdoch: Obama big government dangerous. (video below). Rahmbo slavering at the crisis opportunity. Kevin Hassett, Bloomberg:
The plan is to enact policies that are so anticompetitive that every firm needs a bailout. [snip]

If there were a power ranking of U.S. companies, like the ones compiled by football writers for National Football League teams, Microsoft would surely be first or second to Google. But last week, Microsoft Chief Executive Officer Steve Ballmer came to Washington to announce what Microsoft would do if Obama’s multinational tax policy is enacted.

“It makes U.S. jobs more expensive,” Ballmer said, “We’re better off taking lots of people and moving them out of the U.S.” If Microsoft, perhaps our most competitive company, has to abandon the U.S. in order to continue to thrive, who exactly is going to stay?
The Obama job numbers are pure fiction. Bill McGurn, WSJ. A Laughable Plan: Obama's solution to overspendiing is overspending. Rich Lowry, NRO.

The stock market panic may well be over, the economy may be recovering on its own, despite the wasteful and failed stimulus--so let your legislators know--no more massive big goverment takeovers, taxes and spending--and we need to rollback the porky stimulus and planned Obama big government programs hanging over us--plunging us into endless debt for no good reason.

The president likes to look to Europe, having given a triumphal speech over in Berlin even before he was elected. But with their latest elections, they seem to have come to grips with a reality many Americans are only beginning to realize, including our President Barack Obama. But perhaps we are too hopeful.

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