Obama repeats Bush’s economic mistakes

Obamanomics most likely will end up with results remarkably like those of Bushonomics: more consumption, less production, expanding public debt, asset inflation on Wall Street and a slowly declining middle-class standard of living. The only real difference will lie in who gets to rob the public — instead of pharmaceutical and oil companies, we get Gorite "renewable" energy traders and well-connected "green" venture capitalists. We should be looking at modern equivalents of the New Deal electrification program, the GI Bill, the Eisenhower highway and the space program. — Joel Kotkin in Politico

Isn’t that just wonderful (/sarcasm)?

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