Harvey and Me

My fellow American Express alum, Harvey Golub, diagnoses the failed economic policy of this administration almost exactly I have...only I provided my analysis much much earlier.

Golub today:

"So what went wrong? All the available Keynesian levers for achieving economic growth have been pulled, yet the recovery is one of the weakest since World War II. The problem lies with the way the “stimulus” was carried out, the uncertainty of looming higher taxes, and the anti-business rhetoric and regulatory strong-arming of this administration."

Baseball in July 2011:

"In my view, even if the stimulus could have possibly worked (which I believe it couldn't have), it was neutered by the damaging rhetoric and policy agenda of this President and the Pelosicrats as I have noted here. What the stimulus offered with one hand, the poisonous anti-business stance of Washington DC caused to be withdrawn by the other hand. For all their purported expertise in Keynesian economics, they were ignorant of what Keynes dubbed the "animal spirits" of the economy, which they have succeeded in thoroughly and relentlessly crushing."

Oh, and there is also this:

I predicted, more or less, this sequence (here, here, here, here) upon the election of our 44th President:
1) Barack Obama and the Democrats attack business relentlessly with rhetoric and punitive legislation and regulation;
2) businesses pull back substantially on investment;
3) the economy suffers or languishes at best;
4) the poor economy sinks the Obama presidency and many Democrat's careers.

Check out this post at Carpe Diem, as evidence of #2. #s 1 and 3 are hardly in dispute. All that's left is the crying, or #4.