Friday, March 6, 2009

Stanford Economics Profesor Michael Boskin: "Obama's Radicalism Is Killing The Dow"

Professor Boskin writes in the Wall Street Journal that "a financial crisis is the worst time to change the foundations of American capitalism." He argues that "it's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis. The illusion that Barack Obama will lead from the economic center has quickly come to an end."

For the full article which is well worth reading visit http://online.wsj.com/article/SB123629969453946717.html

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