Sunday, September 25, 2011

The WSJ Brings In Another Economist To Blast Obama And Promote Tax Cuts

This article in the WSJ brings in Robert Lucas to make the points that it wanted to reinforce. They previously published op-eds by Mankiw and Borro to make the point that our slow recovery from recession has been caused by failed policies that originated in the White House. Lucas states that he voted for Obama, but he agrees that his policies have been a failure. The last paragraph in the article makes the point that the best way to stimulate the economy is to get rid of the tax on capital gains. Cutting taxes for the super rich is always the answer that the WSJ wants to promote.

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