Zinaida,
I have yet to see any policy proposal in the real of economics that convinces me that Obama and his advisers truly understand how you grow an economy. What they have demonstrated is a stubborn reversion to pre-Reagan days when the tax rates on capital were much higher and top earners were paying over 70% of their income in taxes to federal and state government. Not even Russia does this. Certainly no Eastern European country wishes to repeat the errors of socialist economics. Even Western Europe is slowly realizing that flat lining or contracting your economy because of onerous taxation, high costs of capital, and strangling regulation is not the way to go. But, because the Social Democratic Western European state has such a dependent clientelle for the government teat it might be impossible to get enough of a polity to change things.
Obama has never run a company. He’s never made investment decisions that affect jobs, products, and a company model. Even Bill Clinton understood what it took to keep the economy growing. Obama shows none of Clinton’s pragmatism.
