April 18, 2009
President Obama has stated that it is time for American leadership to step up and he has picked the one time when the Right certainly have no right to complain about putting America to work solving its dependence on foreign oil economic imbalance in three years.
All it takes is the political will to spend on the economy while saving the banking system. The best and perhaps only way for a modern large economy to work is not so much trickle down as a sort of reverse trickle – or more correctly by “assimulative growth” – growth that absorbs and supports its own as well as taking on new ground. It is the point of winning a war, to be able to improve a worsening situation.