Fad: Barack Obama
Barack Obama took over the White House with record approval ratings. These approval ratings reflected Americans want for change and their hope for this enthusiastic young leader….If only there was a way to directly short Obama.
Obama’s economic policies are a recipe for disaster. While liberal bloggers may love the increased government spending and social services, people who really understand economics know his policies are a recipe for disaster. By punishing businesses and making government an ever great part of GDP, he is setting up America’s economy to mimic Japan or Western Europe, countries whose standard of living is much worse than the United States.
Most people expect the recession to end in a year or two. Obama’s budget projects 3.5% GDP growth in 2009. All of these optimstic views are just setting the stage for disappointment.