Saturday, September 04, 2010

Obama discovers the supply-side?

Pres. Obama's first year and a half in office were marked by a consistent anti-business agenda. With the economy still in shambles, the LA Times reports that Obama is considering some new approaches:
The president is expected to use a speech in Cleveland on Wednesday to outline a series of measures to kick-start the economy, which could include extending research and development tax credits for business, increasing spending on highways and other public works projects, and retaining the middle-class portion of the Bush administration tax cuts that are set to expire at the end of the year. [Emph. added]
Do these business and consumer friendly items represent a new understanding of economics on Obama's part or is this merely an election year ploy to deceive the electorate before he returns to the old ideas?

PREVIOUSLY on the subject of Obamanomics and how it differs from economics:
Laws of Economics 1; Obama 0
Why Liberal economics fails: redistribution does not create wealth (Illustrated)
Obamacare endangers student health
Why business isn't hiring
Dodd-Frank finance "reform" bill stops bond market cold
Why unemployment insurance must be extended (illustrated)
Obamanomics still failing, Washington Post discovers
Russia goes supply-side
Study: Liberals are economically illiterate
Obama's health care and economic policies explained
Obama modeling US economy after Europe's
Irresponsibility pays!
Obamanomics prolonging the recession
US Aaa bond rating threatened by Obama's budget says Moody's
Obamanomics illustrated II
How Dems are prolonging the recession
How Obamanomics destroys jobs
Obamanomics illustrated
Deficits: Obama goes where no man has gone before (illustration)
How to raise the standard of living
Obama's anti-intellectual economic theory
Obamanomics and the test of science
Obamacare may raise insurance costs by 54%
Harvard economist explains why Obamacare will raise premiums
HHS says Obamacare will cause costs to go up and cause employers to drop coverage

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