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Obama's Radicalism Is Killing the Dow

A financial crisis is the worst time to change the foundations of American capitalism.

By MICHAEL J. BOSKIN

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.
[Commentary] Martin Kozlowski

The illusion that Barack Obama will lead from the economic center has quickly come to an end. Instead of combining the best policies of past Democratic presidents -- John Kennedy on taxes, Bill Clinton on welfare reform and a balanced budget, for instance -- President Obama is returning to Jimmy Carter's higher taxes and Mr. Clinton's draconian defense drawdown.

Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the r

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Added: Mar-6-2009 
By: aki009
In:
Iraq, Afghanistan, News
Tags: economy, nobama, obama, dow jones, stock market, recession, depression
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