Why Obama’s Economic Plan Will Not Work—And a Better Plan
by Robert Freeman
Obama's economic recovery plan will not work. It does not begin to address the profound structural problems that hobble the U.S. economy and that amount to a slow-motion death sentence for the American middle class. His policies are the equivalent of trying to re-float a sunken boat, nothing more. Once the government buoys are removed, the boat will promptly sink again, with the American people trapped inside.
If Obama wants to revive the American economy, he needs to adopt a much more aggressive program than has been contemplated to date. Specifically, he needs to address the chronic shortfall in workers' incomes and the recent collapse of middle class wealth which are the root causes of the crash. The most effective way to do that is with a Manhattan Project-like program to reconfigure the way the nation uses energy. more