Obamanomics 101: Failure Explained

Cristina Goizueta / July 23, 2010

According to President Obama, “every economist who’s looked at it says that the Recovery Act has done its job.” The four economists gathered at the National Press Club on Tuesday were apparently not asked for their opinions on the matter.

Tuesday’s program, “Debt and Deficits: Implications for U.S. and Global Economic Recovery,” featured a panel of academics who addressed not only the unsustainable rate of spending but also legislative solutions to rein in the $13 trillion debt. Naturally, to remedy any situation, it is essential to understand the source of the problem. (more…)