Arnold Kling in the Atlantic: The Obama Administration appears to me to be pursuing many goals, poorly
1) The stimulus failed to meet Larry Summers’ famous criteria of timely, targeted, or temporary.
2) The cap and trade legislation maximizes rent-seeking (favoritism toward particular businesses) and minimizes carbon reduction.
3) The proposed financial reforms are mostly cosmetic and fail to address the key issues of housing policy and regulatory capital arbitrage.
4) In championing health care reform, the President stresses the unsustainability of our current system, while insisting that nothing will change (you can keep your insurance, keep your doctor, etc.).
Related Posts:
- Michael Tanner, Cato on Perils of Obamacare: The Three Big Lies
- Reason.com — The Problem is Cost of Care; Understanding America’s dysfunctional health care system
- Health-care bill wouldn’t bring real reform — Howard Dean, Wash Post
- Editorial: In a failure at all levels, Americans only now are told about $400,000 in White House payments to major pro-ObamaCare economist
- Am Enterprise Institute: The Problem with the Biggest Tax Break in America
Tags: cap-and-trade legislation, carbon reduction, Health Care Reform, Larry Summers
