Newsmax.com – Obama�s Policies Are Failing
Six months into his presidency, it�s clear that neither President Barack Obama�s economic plan nor his world peace plan is working.
After pushing Congress to pass the $787 billion stimulus, Obama has seen the unemployment rate rise from the 8 percent limit he predicted if the bill passed to 9.5 percent. After apologizing to the world for America�s imagined failings, Obama has seen Iran and North Korea continue their nuclear programs and become more even belligerent than when George Bush was president.
Behind Obama�s failure is a blind spot when it comes to understanding that people respond to incentives and disincentives. Funneling money through the federal government has no multiplier effect and does not give businesses incentives to expand and hire more people. Nor does sweet talking dictators give them any incentive to change their behavior.
[...] President today praised the astronauts of the moon mission and said he aims to make the [...] Newsmax.com – Obama�s Policies Are Failing – raweditorial.com 07/20/2009 Six months into his presidency, it�s clear that neither President [...]