Obama's Shamefully Botched Housing Bailout

MANY of the charges most frequently leveled against the economic policymaking record of Barack Obama are overstated. Businesses in general are not being victimised: corporate earnings and profit margins are both at record highs. There has been no widespread confiscation and redistribution of wealth: the rich have captured virtually all of the GDP gains since the recovery began. The state is not really getting bigger: government spending has increased at its lowest rate since the 1950s, while public employment has actually shrunk.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles