It's easy to see why economics is called the "dismal science." All good economic news seems to have a catch.
GOOD NEWS: Following FDR's model of public works, Obama's plan to create 4 million new jobs will probably succeed.
BUT: In FDR's era, America still produced things. Will the American economy really be helped by 4 million more people buying cheap crap from China and dependable cars from Japan?
Thursday, January 22, 2009
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