Obamanomics: Bi-Partisan Fantasyland Economics
by Al Martin
(2-9-09) What we have seen in market reactions is that Obama has everyone pumped up into believing that he can fix everything and mitigate the effects of the current recession.
Obama is now being billed by the Democrats as some sort of a miracle worker, even though he’s promising things he can’t deliver, namely mortgage relief that is unworkable and tax relief that isn’t going to happen. He keeps saying that we’re going to be able to create 4 million new jobs.