Sunday, September 19

The dreary tale of Obamanomics

Wall Street Journal: “So this is the dreary tale of Obamanomics: Keep borrowing more than $1 trillion a year and keep the Fed printing money at historic levels, in return for mediocre growth and stagnant incomes. The alternative is to stop punishing the employers, investors and workers who are the real source of growth. The Romney plan to cut tax rates, reform the tax code, restrain spending and repeal ObamaCare would be a good start. Mr. Obama will spend the next 10 days trying to persuade voters that 1.7% growth is the best we can do. If he’s re-elected, he’s probably right.” Chronic Fatigue Economy: We borrowed $5 trillion and all we got was this lousy 1.7% growth.