Dec 192010
Approximately a year ago, this article appeared on this site and also on American Thinker.
The article is as relevant today as it was then. While specifically criticizing Obamanomics, it provides a general criticism of economics, specifically macroeconomics.
The recent compromise, extending the Bush tax cuts and adding new ones as well as new spending, does nothing to dispel what was said in the original article. The changes reflect new political realities rather than economics.
