US Economy - Quick fix today, crisis tomorrow in Obama's White House - by David Frum
The powers that the Obama administration claimed in order to arrest the financial crisis and mitigate the recession are being used and abused in ways that are underming the legal and financial stability of the United States. Investors: You are warned.In barely four months, Barack Obama has nudged the United States toward a future in which government will be bigger and more assertive -- where taxes will be higher and government unions more powerful -- where legal rights are less secure and contracts more uncertain.
Note EU-Digest: Depending if you are from the Left or the Right these policies might sound either good or bad. Fact is that the political climate in the US has certainly swung away from the Right to the Left and can swing back just as easily if the Obama policies don't work out.
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