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My parents, particularly my father, had been used by commentators, political journalists and political commentators, to attack me, and the collateral damage was the reputations of my father and my mother. ↗
The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime. ↗
The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery. ↗
